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The directors will have to be executives of the bank and will not charge per diems José Ignacio Goirigolzarri is willing to take the scissors to Bankia. And also for bank managers and employees to learn the meaning of the word austerity. He is going to start by getting rid of the fleet of high-end cars and will withdraw the allowances and remuneration of the entity's directors. earned from financial sources, Goirigolzarri is working on a tough adjustment plan at Bankia. And he recognizes that the bank's situation demands it. He admits that austerity is what he has to take precedence now in the entity, above all, after requesting a guarantee of public money from the State of 19,000 million euros . Well then. The president of Bankia wants to eliminate all types of perks . And one of his first measures will be to dispense with the fleet of high-end Audi A8 cars , until now at the service of the bank's directors, to save costs.
The adjustments also reach the board of directors . The directors will not receive remuneration and the per diems will be paid in favor of the entity. The members who represent Bankia on the boards of the investees will have to be executive management personnel or, in any case, with an employment relationship with the bank. Bankia has more Middle East Mobile Number List than 1,000 representatives on the different boards of directors of its investees, with an annual cost of close to 7 million euros in expenses and remuneration. A budget item that is going to be eliminated by 'Goiri'. Model for the rest of the banks José Ignacio Goirigolzarri wants Bankia, which has focused much of the distrust in the financial sector, to be the entity that leads adjustment policies in Spanish banking. And being the first, its model can later be applied in other entities in the country.
Bankia has proposed to anticipate the demands of Europe after the rescue of the Spanish banks. As explained in these pages - see it here - the top leadership of the entities must be occupied by a much smaller number of directors . And new , lower limits will be established on their salaries .The mobilization of former directors However, there is something worse for the Government. The judicial fronts against Bankia may increase in the coming weeks and turn the process into that feared macro-trial . Financial sources of all solvency assure ECD that former directors of the entity's offices and middle managers are also considering filing complaints against the bank's board of directors. Here, they explain, it is about saving their face and their honor . After participating in a large failed banking project, they warn, they do not want to be “complicit” in having turned tens of thousands of small savers, including friends, neighbors and family, into bondholders and shareholders, with “false information” provided by their directors.
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