This Man Will Get Rs 13 Crore for Not Joining Global Cosmetic Firm

Coty Inc., a global beauty company that offers brands such as Adidas, Calvin Klein and Playboy, is paying its would-be CEO Elio Leoni Sceti $1.8 million or Rs 13 crore (at 64 rupees per dollar) for not joining the company. Mr Sceti, currently CEO of frozen-food company Iglo Group, will get $1.75 million in severance from Coty Inc. He is likely to get an additional $50,000 for preferred stocks he was allotted in Coty Inc.   "Bart Bec...