Keyword: Jean-Luc Lagardère

Airbus's 80 million-euro golden parachute to former executive

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Jean-Paul Gut, director of EADS International and group strategy until June 2007. © dr Jean-Paul Gut, director of EADS International and group strategy until June 2007. © dr

The former commercial director of EADS – now Airbus – Jean-Paul Gut, who set up the commercial and marketing system that is now at the centre of parallel corruption investigations by French and British police, received a 'golden parachute' of around 80 million euros, it can be revealed. A joint investigation by Mediapart and German weekly Der Spiegel also shows that the European aerospace group was willing to continue using Gut as a highly-paid consultant even after he left his lucrative post in 2007.