Sep 26, 2003 • 1 min read

Former Vivendi boss still has to wait for his money

Former Vivendi Universal boss Jean Marie Messier has not received his $24 million severance, as the SEC has asked for the funds to be frozen during an investigation.

Former Vivendi Universal boss Jean Marie Messier still hasn't got his $24 million severance pay. As previously reported, a US court earlier this month said Vivendi had to pay up despite their protests he didn't deserve the pay off because he left the company after more or less destroying it (well, words to that effect). But now, according to the New York Post, the US Securities and Exchange Commission has request to have the severance funds 'frozen' while it undertakes an investigation into the operations of the company. Not sure if that's true, nor what it means for Universal or Messier, except that the latter won't get his cash for sometime, if ever.

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