Jun 23

Best. Job. Ever: Coty CEO Paid $1.8 Million To Quit Before He Even Started (ZeroHedge, June 23 , 2015):

For all the drivelly, politically correct platitudes about how a great job is about emotional gratification, self-fulfillment and, of course, benefits such as a matching 401(k) and 2 weeks of paid vacation, the best job is the one where the least amount of effort generates the greatest compensation at the smallest amount of risk. In that case no job will ever match that of Coty CEO Elio Leoni Sceti, or rather non-CEO. Because whereas Sceti was scheduled to become Coty’s CEO in about a week, decided not to take the job. The punchline, however, is that despite never actually having set foot in the company’s Empire State Building headquarters, or even working one day for his new employer, Coty is contractually bound to pay Leoni Sceti a severance (or is that non-signing bonus) of $1.8 million… for quitting before he even started!


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2 Responses to “Best. Job. Ever: Coty CEO Paid $1.8 Million To Quit Before He Even Started”

  1. Squodgy Says:


    I would sue the legal tossed who drew up the contract.

    In all my commercial years I have NEVER, EVER come across a lawyer with any initiative or logic.

    It seems they have had common sense sucked out of their supercilious, patronising little brains at Law School.

    Effing TOSSERS, the lot of ’em.

  2. Squodgy Says:

    More evidence we are on the final straight…


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