Italy PM Warns Terna CEO on Severance Pay

Italian Prime Minister Giorgia Meloni has issued a stern warning to Terna's outgoing CEO, Giuseppina Di Foggia, regarding her severance package. Meloni stated that Di Foggia must choose between accepting a substantial severance payment of approximately 7.3 million euros from the power grid operator or pursuing her new role as chair at Eni. This intervention highlights potential conflicts of interest and the government's oversight in executive transitions within major Italian companies. The decision will have implications for corporate governance and executive compensation practices.