Precede departure

A premium starting , or " allowance of départ" , is a premium poured with an employee or a leader at the time of his departure of a company, in particular for its retirement.

The severance pays of the leaders are also called " Golden delicious parachute" (Parachute out of gold). According to a study published in December 2006 by Proxinvest, 38 top-ranking executives touched alone 107 million euros of starting premiums since the beginning of the year 2005.

Noel Forgeard, former executive copresident of EADS, thus perceived more than six million euros by leaving the in July 2006 group, for which it is necessary to add an allowance of " not concurrence" of almost 2,5 million euros. Antoine Zacharias, former president of Vinci, left the group of BTP with 13 million euros of allowances. A premium of 5,7 million euros was versed with Serge Tchuruk, former chairman of Alcatel, when it left the head office of the equipment supplier télécoms at the time of fusion with Lucent. Jean-François Roverato, chairman of the group Eiffage, obtained nearly 195.000 bonus shares at the time of its departure of the operational direction.

See too

Parachute out of gold

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