Technology Alcatel cuts ex-CEO Combes departure pay in half – Le Monde

Alcatel cuts ex-CEO Combes departure pay in half – Le Monde

Michel Combes,  Fprmer Telecom equipment maker Alcatel-Lucent Chief Executive Officer,
Michel Combes, Fprmer Telecom equipment maker Alcatel-Lucent Chief Executive Officer,

Alcatel-Lucent’s board has decided to cut the departure package for former chief executive Michel Combes in half to about 7 million euros (5.13 million pounds), Le Monde newspaper reported, after news of his compensation provoked an outcry.

Alcatel-Lucent declined to comment on the report on Friday.

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