CAC 40 CEOs earned 130 times more than their employees in 2022, denounces an Oxfam report
CAC 40 CEOs earned on average 130 times more than their employees in 2022, revealed Tuesday, April 30, a report from the NGO Oxfam. This figure is an increase compared to 2019 when big bosses earned on average 111 times more than their employees. Oxfam denounces CEO remuneration which reached “stratospheric levels”.
This report was published the day before May 1st by Oxfam which “recalls that it is the employees who create the wealth of CAC 40 companies. It is therefore unacceptable to see CEOs earning 130, 500 or even almost 1,500 times more than their employees”. At the same time, the report points out the increasing weight taken by shareholders who in 2022, “CAC 40 companies paid out on average 75% of their profits”.
Between 2019 and 2022, the remuneration of the CEOs of the 40 most important companies on the Paris Stock Exchange “increased by 27%”or on average, more than 6.6 million euros, while the average salary within these groups “only increased by 9%”. Oxfam denounces “double speed system” Who “increases the gap between bosses and employees”. At the same time, poverty in France is increasing sharply, “now affecting 14.5% of the population, or more than 9 million people, and more women than men, including 25%” are poor workers, warns Oxfam.
This situation is all the more incomprehensible since the employees “have lost a lot” in purchasing power since the Covid-19 crisis, comments Oxfam, since “real wages should only recover” This year “their level of 2019”according to projections from the Bank of France, recalls this study.
This investigation delivers its results in what the NGO describes as the “podium of indecency” with in first position, the company Téléperformance, “which reinforces its status as champion of indecent pay gaps since its CEO Daniel Julien earned in 2022, 1,453 times more than the average salary of the company”. This manager earned more than 19 million euros while the average annual salary in the company was 13,568 euros.
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