|Day's range||0.8130 - 0.8375|
|52-week range||0.6670 - 0.9160|
|PE ratio (TTM)||11.15|
|Earnings date||27 Jul 2017|
|Dividend & yield||0.00 (0.00%)|
|1y target est||1.04|
Departing Telecom Italia (TIM) Chief Executive Flavio Cattaneo has defended what is likely to be a multi-million euro severance package, saying he delivered on many of his goals ahead of time, according to La Repubblica newspaper. TIM's board is set to discuss on Monday Cattaneo's departure after just 16 months in the job following clashes with top shareholder Vivendi. Under a "special award" clause in his contract, Cattaneo could claim up to 40 million euros ($47 million) if his term is terminated early or his powers reduced.
One of the reasons Telecom Italia's (TIM) CEO Flavio Cattaneo fell out with the phone group's top shareholder Vivendi was the French company's plan to appoint a managing director at his side, daily La Repubblica said on Monday. Cattaneo is expected to leave within days, sources told Reuters on Friday, adding Amos Genish, a Vivendi top executive, is set to be appointed managing director.
Flavio Cattaneo, chief executive of Telecom Italia SpA , is thought to be seeking an exit payout of about 30 million euros amid reports of a clash with majority shareholder Vivendi SA, as he becomes the second head to leave the company in less than two years. British advisory boutique DuCanon has arranged its first deal by helping to seal the 600 million pound buyout of an exhibitions organiser Clarion Events by Blackstone Group Lp .