DutchNews, March 7,
2016
 |
| Photo: Depositphotos.com |
The
chief executive of energy company Delta is leaving with an €800,000 pay-off
after shareholders refused to give him a €120,000 pay rise, according to local
broadcaster Omroep Zeeland.
Arnoud Kamerbeek had insisted on the rise, which
would have taken his salary to over €500,000 a year, and it had been approved
by the supervisory board.
However, Delta is owned by the province of Zeeland
and 13 local councils. They argued that the pay rise is irresponsible because
Delta has been in financial trouble and staff salaries have been more or less
frozen.
However, the shareholders said they had little choice but to pay the
€800,000 golden handshake because of contractual obligations. Kamerbeek
joined Delta as CEO two years ago.
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