Cac 40: CAC 40 bosses earned 7.1 million euros on average in 2023

Tuesday 12th November 2024 06:56 AM

(BFM Bourse) – The average remuneration of CAC 40 executives for 2023 reaches 7.1 million euros, according to a study by the Proxinvest firm, an increase of 37% compared to 2019, the year before the health crisis .

The average remuneration of big bosses of CAC 40 companies increased by 6% in 2023 compared to 2022, to 7.1 million euros, according to a report published Tuesday by the Proxinvest firm. The increase is even more marked compared to 2019.

Fixed remuneration at the top

The remuneration of the bosses of the flagship index of the Paris Stock Exchange is up 37% compared to the year 2019, a year considered more representative than 2021 and 2020, where the Covid-19 pandemic had pushed certain managers to give up part of their income.

On the SBF 120 side, the expanded index which brings together the 120 largest companies listed in Paris including that of the CAC 40, the average remuneration of executive presidents reached 4.3 million euros in 2023, an increase of 2% per year. compared to 2022. The increase rises to 17% compared to 2019.

The average fixed remuneration of executives has reached historic records within the CAC 40 as well as the SBF 120, indicates the firm, while the average amount of annual bonuses is down slightly compared to the record levels of 2022.

The average value of option and share allocations is up 6.5% in the SBF 120 and 15.9% in the CAC 40.

Bernard Charlès and Ilham Kadri, highest paid executives

Bernard Charlès, general director of Dassault Systèmes, is at the top of the podium of the highest paid executives in 2023 (46.8 million euros), followed by Ilham Kadri, at the time general director of Solvay (23 million euros). 'euros), then Carlos Tavares from Stellantis with a total remuneration of 17.8 million euros according to Proxinvest.

The report values “all forms of executive remuneration awarded for the 2023 financial year”, from the fixed salary of executives to annual bonuses, but also including “indirect forms of remuneration” such as the allocation of shares. which represents a significant share of revenue, specifies Proxinvest. The figures may therefore differ from the data communicated by the companies.

(With AFP)