In France, the NGO Oxfam denounces the pay gaps between CAC 40 managers and their employees. A gap has widened significantly since 2019, regrets this NGO in a report.
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Executive remuneration is increasingly disconnected, believes Léa Guérin, advocacy officer on multinational regulation issues at Oxfam: “ CAC 40 bosses earn on average 130 times more than their employees “, she reports.
And this gap is widening. Between 2019 and 2022, salaries in listed companies increased by 9%, while those of their bosses increased by 27%.
We have a sort of podium of inequalities. In first place: Teleperformance. Its CEO earned 1,453 times more than his company’s average salary in 2022, which is beyond indecency. Then, we have Carrefour, which earned 426 times more than its employees. And finally Stellantis, which recently made the news and which earned, in 2022, 341 times more than its employees. If certain managers manage to have such significant differences, it is because there is shareholder interest behind them.
A boss’ remuneration equal to twenty times the company’s median salary would make it possible to reduce these inequalities. This is what theNGO noted at Crédit Agricole or Orange.
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