Exec's bad timing costs him $2m

31 May 2020 - 00:00 By Gaspard Sebag

An executive who was paid about €16,195 (about R315,000) a month by LafargeHolcim to do nothing failed to persuade a court to force the cement maker to fire him with a payout of about $2m (about R35m). Timing was his undoing.

When his employer Lafarge announced in 2015 a staff-buyout programme as part of its merger with Holcim, Antoine Zenone hoped for a golden handshake. But the company said he wasn't eligible and French judges have said non - three times in a row...

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