An executive who was paid about €16,195 (about R315,000) a month by LafargeHolcim to do nothing failed to persuade a court to force the cement maker to fire him with a payout of about $2m (about R35m). Timing was his undoing.

When his employer Lafarge announced in 2015 a staff-buyout programme as part of its merger with Holcim, Antoine Zenone hoped for a golden handshake. But the company said he wasn't eligible and French judges have said non - three times in a row...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now