The remuneration of the managers of CAC 40 companies, through exceptional bonuses, amounted to 8.7 million euros on average in 2021, record levels of remuneration, reports France info. A doubling in two years with a 60% increase compared to 2019, according to data published on April 20 by the company specializing in European listed companies Scalens.
According to Scalens, the amount of emoluments affected, part of which is fixed and the other variable, is significantly higher than the average 5.4 million euros expected in August 2021.
The general manager of Stellantis Carlos Tavares (Peugeot-Citroën-Fiat …) should receive 19 million euros for this juicy year 2021, according to the group. According to a calculation by AFP, overall, CAC 40 companies have made nearly 160 billion euros in profits. A record.
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According to the report, the fixed part jumped 19% because “the new guard” of these leaders “comes at a much higher price”. The variable components increased even more with 2.1 million euros in exceptional bonuses on average per executive.
In 2022, Scalens expects fixed salaries to remain stable while target variables, if raised by 10%, “will be more difficult to achieve”, in a context of slow growth. “Hence the insistence on keeping bonuses exceptional,” Scalens explains.