Cineworld bosses’ £27m to leave stricken chain
Cineworld boss and top management team jointly receive up to £27 million to leave cinema operator after emerging from Chapter 11 proceedings
The Cineworld boss and his top management team will be paid a combined sum of up to £27 million to leave the cinema operator after it emerges from Chapter 11 proceedings next month.
Lenders have pledged to pay Mooky Greidinger, his brother and deputy chief Israel Greidinger, chief financial officer Nisan Cohen and chief commercial officer Renana Teperberg between £23 million and £27 million in cash within a year of their departure, the Financial Times said. .
Better outlook: Cineworld expects to emerge from bankruptcy protection in July
Cineworld declined to comment.
The world’s second-largest movie theater operator after AMC Entertainment expects to emerge from bankruptcy protection in July.
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