He resigned as a CEO of Mediobanca Alberto Nagel, who announced his decision during the board still underway in Piazzetta Cuccia in Milan. To anticipate the farewell a letter to the employees, where Nagel greeted quoting Orazio, “Graecia Captain Ferum Victorem Cepit”. The resignation follows the MPS OPAS on Mediobanca.
«Over 34 years have passed since I entered the bank and over 22 since I was responsible for it. A very long period, in which we have made together an extraordinary path of growth and renewable renewable entirely to your ability and a sense of belonging ».
Alberto Nagel writes it, in the letter of leave by the employees of Piazzetta Cuccia. After retracing the salient stages of the bank’s evolution under his guide – as a “useful” reflection “on how much it has been done to appreciate its scope and as a stimulus on how much it will be able to” – Nagel recalls how Mediobanca has “always invested in human talent, tripling the staff until reaching the current 6,200 colleagues, unlike many intermediaries who have had to carry out strong renovations”, and has “distributed about 8.5. billions, without ever making capital increases »with a total shareholder return (most dividend share revaluation, editor’s note) of +500%». All this, he adds, “accompanied by an equally incisive change of the bank of the bank: in 2004 55% of the capital was enclosed in a trade union pact and the rest on the market” while “in the middle of 2019, with the progressive reduction of the union pact, which is also transformed into an consultation agreement, the capital on the market is almost totalitarian and mediobanca a real public company”. “From 2020 to today there has been a return of the shareholder ‘established at the expense of the market”.