Murilo Ferreira, the former CEO of Brazilian miner and iron ore producer Vale, is said to be seeking a BRL 60 million ($19.3 million) indemnity from the company after being replaced by another executive, according to a media report.
Vale reportedly offered Ferreira a BRL 30 million ($9.6 million) indemnity, but the former CEO is asking twice what the company initially offered.
A media report noted Roger Agnelli, a former Vale CEO who died in a plane crash in March 2016, as well as four other company directors received a combined BRL 121 million ($38.9 million) in indemnities in 2011 when they left the company.