TIM’s former CEO accepts €6.9 million to vacate board seat

Luigi Gubitosi, the ex-CEO of Italian operator group TIM, has been given 6.9 million reasons to step down from its board of directors.
This is just the latest event in a spate of corporate tussling at the top of TIM, which last month saw Gubitosi, who owns who owns 3,957,152 shares in TIM, resign as CEO. It’s all a bit murky, but it seems as if the resignation was a precondition for the board considering a takeover bid by KKR, perhaps at the behest of substantial minority shareholder Viven