Bigger Bonuses For French Bosses In 2021

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Nancy Heslin   Forbes Monaco

Bigger Bonuses For French Bosses In 2021

According L'Hebdo des AG, an expert in governance and investor relations issues, CEOs and general directors of CAC 40 companies in France could receive an average bonus of €5.3 million this year. This is €1.5 million more than to the €3.8 million allocated in 2020, and €500,000 more than the €4.8 million of 2019.

Senior executives of the Next 80—80 companies of the SBF 120, a French stock market index—were allocated €3.2 million by their boards, against €1.9 million last year and €2.2 million in 2019. Voted by shareholders between April and June, the 2021 remunerations correspond to targets based on a fixed salary, variable remuneration and a long-term incentive scheme.

One of the biggest changes over last year is beyond the “exclusively financial” performance of companies to include “extra-financial criteria.” Social and environmental responsible CEOS were rewarded an average 13% more for environmental targets and one in four bosses benefited from addressing work place equality.

To compare bonuses of France's leading bosses to footballer salaries, the average Paris Saint-Germain Football Club player earns €9.6 million a year before tax, with Neymar getting paid €36.7 million and Kylian Mbappé banking €25.2 million. Lionel Messi, who has signed a two-year deal with the club will earn, according to the Associated Press news agency approximately €35 million net.

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Nancy Heslin   Forbes Monaco

Nancy Heslin is an established journalist and lifestyle writer. She has been the Editor-in-Chief of Forbes Monaco magazine (bimonthly in English) , since the magazine's 2nd issue . Launched in November 2018, Forbes Monaco is part of the Forbes family, with its 7 million readers and 71 million monthly website visitors worldwide.