CAC 40 bosses to grow 52% in 2021: their remuneration reaches an absolute record

Remuneration of massive bosses in the CAC 40 in (*40*) reached an common of seven.9 million euros final yr, 100 occasions greater than their staff, in accordance to an annual report by agency Proxinvest.

CAC 40 CEO pay has by no means been increased. On common, every of them obtained 7.9 million euros final yr. That’s greater than 100 occasions their staff’ salaries, in accordance to a report launched Tuesday, Nov. 22, by shareholder advisory agency Proxinvest.

The survey famous “a pointy enhance in median and common compensation in all indicators (CAC 40 and SBF 120, editor’s observe). We are definitely on historic record”, declared Jehan Leroy, Director of ESG Research (Environmental Criteria, Social and Governance). )

The common complete compensation of bosses in the CAC 40 index elevated by 52%, whereas that of government presidents in the SBF 120 index, made up of the 120 largest firms listed in (*40*), elevated by 22% to 4.5 million euros. In both case, it was exceptional for fifteen years.

These 2021 figures had been obtained in comparability with 2019 earlier than the well being disaster and usually are not in contrast with 2020 which is taken into account a non-representative yr as a sure variety of administrators have given up a part of their remuneration.

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The Carlos Tavares Effect

These remunerations are pushed by the businesses’ excellent post-Covid outcomes in 2021, on which remuneration parts are listed. The enhance was additionally defined by the Carlos Tavares impact of Stellantis Automotive Group General Manager (Peugeot-Citroën-Fiat), whose complete compensation reached a record by no means seen by Proxinvest at 66.7 million euros. “This is the primary time in 15 years that an organization has offered complete compensation above 50 million euros,” the report mentioned.

To set up its rating, the Proxinvest report takes into consideration all parts of remuneration: mounted, annual bonus, long-term multi-year remuneration, allocation of shares valued at their grant date, kind of advantages… All these parts final exploded yr common everlasting compensation of 4.2% and Average annual bonuses rose 33.6% among the many CAC 40, whereas the worth of free efficiency share allocations jumped 39.6% in the SBF 120 to attain an all-time excessive.

369 Equivalent to Smic

It represents “the primary time in eight years that the common compensation of CAC 40 administrators is greater than 100 occasions the common compensation of staff” or 369 occasions the minimal wage on a 39-hour foundation, the report which identifies the higher restrict of the socially acceptable most remuneration calculated by Proxinvest (5.12 million euros ) with worse settlement.

In all, 29 leaders crossed the edge, in contrast to 14 in 2020 and 24 in 2019, which ought to reignite the controversy over the buying energy of essentially the most modest particular person, additional eroded by inflation.

Over the 2014-2021 interval, executives’ common compensation grew 83.8%, 3 times sooner than staff, who grew 23.9%.

Ranking of the best paid managers in (*40*)

Rounding out the highest 5 among the many highest-paid executives are Carlos Tavares (66.7 million euros), Bernard Charles of Dassault Systèmes software program group (44.1 million euros, together with 40.8 million in shareholder remuneration), Daniel Julien of name middle firm Teleperformance (19.6 million euros). , François-Henri Pinault from luxurious group Kering (12 million euros) and Paul Hudson from pharmaceutical laboratory Sanofi (9 million euros).

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