Equities

Reuters provides in-depth account of the Santander saga

Reuters provides in-depth account of the Santander saga

Reuters provided an in-depth account of one of the most bitter and high-profile employment disputes in recent European history, yielding a lawsuit that is due in April in a Spanish civil court. Ana Botin runs Santander, one of Europe’s biggest banks; Andrea Orcel’s a top deal-maker. Botin offered to make Orcel the best-paid CEO of any bank in euroland. It didn’t happen, and the $123 million lawsuit that followed shows even banking royalty can’t always get their way.