According to the local press, Edgardo Badiali , is trying to negotiate his exit for $750,000 US
. Not bad at all, just like the great US CEO's running Corporations into the ground and getting huge severance packages and Bonuses
. He was reportedly going to be fired
by Karim (The prince) Wade after the elections if the previous president (Abdoulaye Wade ) was reelected. The New president Macky Sall was given a "Heavy dossier" concerning the setup and running of this airline by the son of the former President Wade. The auditors found many improprieties, including some major shareholders who didn't pay a penny for the shares
.... They suspect they are front men for former officials. Well that's what happens when you involve politics. They will still have to find some mucho $$ to stay afloat, not sure if the new government will support them financially given the dire financial situation of the country.
Link to the story (French)
Sénégal Airlines : Le Dg Edgardo Badiali demande 360 millions pour partir
Sénégal Airlines : Le Dg Edgardo Badiali demande 360 millions pour partir
Jeudi 19 Avril 2012 - 16:05
LERAL.NET Le directeur de Senegal Airlines négocie son départ. Pour ce faire, l’homme en question demande la somme de 360 millions aux autorités sénégalaises.
Pour quitter la direction de Sénégal Airlines, l’italien Edgardo Badiali demande aux autorités la somme de 360 millions de Franc Cfa selon l’Observateur repris par leral. En effet, les 360millions représenteraient le total des 3 années de contrat qu’il a au sein de cette société. L’homme percevrait 15000 Euros soit 9 825. OOO frs. Dans le document remis au
président Macky Sall, on fait écho de la volonté de Karim Wade de se séparer de l’italien à la fin de l’élection
présidentielle
Claude Andre Coly (Leral.net)
I Google Translate it
LERAL.NET The director of Senegal Airlines is negotiating his departure. He is asking for 360 million CFA (US$ 750,000) to the Senegalese authorities.
To exit the management of Senegal Airlines, Edgardo Badiali the Italian is asking the Senegal authorities for 360 million CFA Franc according to leral.net . Indeed, 360millions represent the total of three years of his contract within the company. The man would have received 15,000 Euros or 9.825. OOO cFA francs per month. In the document submitted to President Macky Sall, there is the mention of the will of Karim Wade to separate from the Italian by the end of the presidential election