This Cosmetics Firm Is Paying A Guy $1.8 Million NOT To Be Its CEO

What happens when the person tapped to take over as your company’s CEO supposedly changes his mind at the last minute? Well, if you’re cosmetics company Coty, you pay him about a couple of million dollars. Back in April, Coty [fortune-stock symbol=”COTY”] announced the hiring of Elio Leoni Sceti as its next chief executive, taking…

http://time.com/3932975/coty-ceo-elio-sceti/

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s