Ángel Vilá

Ángel Vilá is the former executive of Telefónica who, along with José María Álvarez-Pallete, received a substantial indemnity payment from the company. This has become a point of contention at Telefónica's recent General Shareholders Meeting on March 26th. Institutional investors expressed significant disapproval of the company's remuneration policy, specifically targeting the €78.4 million total paid to Vilá and Álvarez-Pallete. The size of these payments has prompted Telefónica to limit future severance packages for its executives. A proposal to cap the indemnity for the current president, Marc Murtra, at two years' fixed salary will be presented to the Shareholders Meeting. The controversy surrounding Vilá's indemnity highlights increasing scrutiny of executive compensation and corporate governance practices within Telefónica.