Stock market in Covid era, even the big names cry. Amounts halved for top managers
The Coronavirus emergency in Italy continues unabated. The resulting heavy economic crisis does not look anyone in the face. The top managers of listed companies are also “crying”. For the big names – reads Il Sole 24 Ore – the 2020 amounts have all been halved. Fulvio Montipò is the highest paid manager among Italian companies listed on the stock exchange in 2020. The president and CEO of Interpump Group earned 14.36 million euros gross last year. The second is Remo Ruffini, president and CEO of Moncler, the third is a public manager, Massimo Mondazzi. Montipò is the highest paid manager among Italian companies listed on the stock exchange in 2020.
The president and CEO of Interpump Group – continues Il Sole 24 Ore – last year earned 14.36 million euros gross. The sum is made up of a monetary paycheck of 2.73 million and capital gains for the exercise of stock options of the same company for 11.63 million. In 2019 he had earned 2.73 million. The second is Remo Ruffini, president and CEO of Moncler with 12.77 million. The third is a public manager, but he is not a company manager. Massimo Mondazzi, thanks to the liquidation from Eni’s CFO, in Energy evolution, totaled a compensation of 11.12 million. Eggs (Moncler) and Manley (FCA) follow. The total earnings of the top 10 top managers in 2019 were around 195 million, now they are less than half: 95 million.