State-owned company CEOs to leave with bags of money

Nine times their monthly salary, but only in the basic part – this is what dismissed CEOs of state-owned companies can expect. Two-thirds of this amount is compensation for non-competition. The rest is severance pay. There are no major differences, as the rules governing payments upon termination of employment are similar everywhere. The same applies to the level of remuneration, which is regulated by the so-called chimney law.