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ArgentinaStar.com Saturday 5th July 2008 Edition 187/2008
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    Golden-handshake payouts unpopular with Euro ministers
    Argentina Star
    Wednesday 14th May, 2008  


    Eurozone finance ministers are looking at ways to cap executive payouts, often know as golden-handshakes.

    Ministers from the 15 countries using the euro are considering changed to tax rules so that large pay-outs are no longer tax deductible.

    The large payments to senior executives leaving a company have become controversial as some executives have left their companies in disarray or in disgrace.

    The EU members say arrangements for corporate high earners are making it increasingly difficult to justify calls on average workers to exercise wage moderation.

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