Petrikovics demands severance

Here’s the shortest press release we’ve ever received:

 “Due to our counterclaims we are confident that this lawsuit will not be successful.”

It was issued by Immofinanz, in reaction to an equally remarkable claim by its former CEO Karl Petrikovics, who says the company owes him over €9m in severance pay. Including (seriously) €1.25m in holiday pay.

Immofinanz, you’ll remember, was headed into the financial intensive care unit by the end of Petrikovics’ reign, so this kind of claim could be surprising for some. But it takes place against a background of criminal investigations about the goings on at the company during the time of the former CEO. So it’s probably all a bit more complicated. More detail reported here.


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