Luca Di Montezemolo Fired by Ferrari

[scannon]

http://www.bbc.com/sport/0/formula1/29142591

 

Apparently the rumors at Monza were true. He has "retired".

 

More info on his departure and compensation.

 

http://finance.yahoo.com/news/ferrari-president-montezemolo-leave-company-071747568.html

 

Montezemolo will receive nearly 27 million euros (nearly $35 million) in compensation from Ferrari as his severance package.

 

That figure includes a post-mandate indemnity — which was agreed in 2003 — of 13.7 million euros ($17.7 million), payable in 20 years, as well as the sum of 13.2 million euros ($17.1 million) which is to be paid by the end of January and is "in consideration of his commitment not to engage in activities in competition with the Fiat Group during the period to March 2017."

Edited September 13, 2014 by scannon

[NVP66S]

Now THAT'S a severance package. :seeya:

[AndyB]

Now THAT'S a severance package. :seeya:

 

That's OK we'll just increase the peasants taxes. Oh no that won't work almost 13% are unemployed!