Euronext announced last week that it has awarded a severance payment of e1,500,000 to George Möller, who left the exchange group on 1 April. This is in addition to the amount corresponding to past service and future pension costs as of 31 December, of e280,000. The figure is based on Möller's 2002 salary of e600,000. It was also agreed that Möller will repay Euronext each year, until 31 December 2009, 25% of the positive difference between his future salary from any new employment and his 2003 Euronext salary, up to a maximum of e750,000. As former ceo of Amsterdam Exchanges, Möller was one of the founders of Euronext. He was a member of Euronext's managing board from September 2000, and was expected to take over the chairmanship...