Metlen: What the Unconventional Pay Structure of Evangelos Mytilineos Signals About the Company's Future
Metlen, the industrial and energy group recently rebranded from Mytilineos, is drawing attention with a strikingly unconventional proposal regarding the future compensation of its CEO, Evangelos Mytilineos. The plan, which is expected to be put before shareholders at the upcoming General Assembly, departs from standard executive pay structures and ties the CEO's financial reward directly to the company's long-term stock market performance. Under the proposal, Mytilineos would receive a symbolic salary of just one euro per year for the next three years. Only after that period would he become eligible for compensation based on performance-specifically, a 5% share of the increase in Metlen's market capitalization above its current level. This performance-based reward would be directly linked to the company's future valuation, meaning the CEO would benefit only if the company significantly grows in value. Market observers see this as a...
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