• council The first American financial Roof At the Insurance and Settlement Insurance Company of the title of $ 6 billion after the arrest of its CEO and was charged with assaulting the misdemeanor. Financial Director to fill the position of CEO will intervene, and the Chairman of the Board of Directors will dive as a new executive at First American. The company said that the CEO of the overthrow of Kenneth de Digegio – who the lawyers say will be cleared of any violations – still brings millions at the end of the teams as detailed according to his contract.

He was the CEO of First American Finances I was briefly expelled After it was He was arrested and accused With the attack in San Juan this month. Kenneth d. Digurgio traveled on a Caribian tourist ship with his wife when he was Accused Another passenger in a maritime accident was captured on surveillance footage and security officers witnessed, according to L. FBI (FBI).

Days after the arrest of Digurgio, First American Financial announced that his work has been completed for no reason – which means that Degiorgio is still standing to raise about $ 18.6 million, according to Report of the revised shareholders The company was published. This payment includes 7.24 million dollars at the end of the amount, 9.14 million dollars in the accelerated stocks of property rights that were entitled to obtain part of its compensation package, and $ 2.2 million due to it under the company’s retirement plan. If “for the reason”, which never happens among the world’s executives from the companies that are circulating publicly, the company indicated that it will not have any payments at all.

Corporate Governance expert and associate professor at Georgetown Universityluck The Council may finish the CEO without reason after collecting fees to protect the company’s reputation, avoid legal disputes, and maintain operational stability – especially when there is no evidence of ending the cause.

“The completion without a reason reduces the risk of a lawsuit in the illegal end, especially when the charges have not yet been condemned and the council cannot prove the participation of the CEO of misconduct,” said Shalouitzer. “Certainly, the decision of the Board of Directors sends a message to the shareholders that it is actively overseeing the administration and giving priority to the company’s long -term interests on what may become the distraction of leadership.”

Eric Hoffman, Vice President and Head of Data Employees at the Consulting Consulting Consulting Company, toldluck Cash separation payments are usually double salary, reward complications and relatively common. In the first American issue, both 2x, which is not outside the market standards. In addition, the non -invested bound shares that were kept at the time of the termination were immediately on the basis of acceleration. This means instead of having to wait for the period of time for his rights to bend, he will get his shares relatively immediately, Hoffman said.

Hoffman also indicated that Digigeo has just negotiated New employment agreement With the first of America on February 18, 2025, which strengthened his annual salary to one million dollars. The agreement was scheduled to continue until December 31, 2027 – unless it was terminated earlier.

A spokesman for the American Financial has not commented on the official data of the company.

After the shooting of Digigeio, the names of US financial financial director Mark Citton, 47, as CEO and appointed to the Board of Directors. The company announced that the former Treasury Secretary Matthew Wagner is in the role of the financial manager to replace Citton and the Chairman of the Board of Directors Dennis Gilmour will move to the CEO of First American.

After the leadership amendment, First America issued a decisive report for shareholders regarding his annual share meeting in May, which reflects the new dates and offered “written corrections” to the statement of the previous agent, according to the company. the Statement of the revised agent He explains that Degiorgio is entitled to obtain various payments of $ 18.6 million upon completion without reason, while the agent statement was issued Before his arrest The total showed a total of $ 16.4 million. Hoffman said that the difference was included in the “disability” column in the original agent.

“We look forward to our next chapter under Mark Citton’s strong leadership,” Gilmour said in A. press release. “No one is more willing to be our CEO more than Mark, who played a leading role in our most important strategic initiatives, which leads the digital transformation of our business. We want to thank Ken Digurgio for his years of service at first.”

SEATON CFO was since 2013 and joined the company in 2006. Degiorgio was appointed CEO in February 2022 and was with the company for 25 years.

Degiorgio Legal Team said luck: “The accident was the result of Mr. Degegio for his wife for more than 30 years, which was a man who was annoying, making her feel threatened and intimidated.
As the father of two daughters and my husband’s husband in high school, Mr. Digurgio says it was an honor for a life process to have served at the head of first American, a wonderful company that provides a working force of more than two thirds of females. “

San Juan Field Office The FBI said the FBI authorized the incident that was claimed to be on board the flexible Virgin Voyages in the early hours of March 31. The investigation is continuing.

According to the written statement, the alleged battle occurred between Degiorgio and a shepherd in the “ON Rocks” tape on the ship after Nicole Degegio asked a barefoot shepherd, who was dancing, returning his shoes. The shepherd was allegedly told Digigeo “silence”, describing her as “B-Ch”, while showing her his middle finger.

The monitoring footage showed the linear statement that Degiorgio stands, walking to the shepherd, and wrapped his hands around the shepherd. The victim told the FBI agent Kenneth Digurgio to force his throat by force while claiming that he is telling him, “I will kill you, during the alleged attack. A waiter on the ship called security personnel after the alleged battle.

A delegate on behalf of Devin C. Kawaski from the San Juan field office at the FBI: “Violent crimes committed by cruise ships fall under the federal judicial jurisdiction and take them seriously.” “If you break the law at sea, expect to face consequences on the ground.”

Attempts to reach Degiorgio have not succeeded.

This story was originally shown on Fortune.com

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2025-04-22 07:58:00