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French CEO Pay Soars to Record Highs in 2023

A report reveals that average CEO compensation in France's CAC 40 and SBF 120 indices reached record highs in 2023, despite a seeming decrease in 2022.

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French

France

FranceFinanceBusinessExecutive CompensationCeo Pay

ProxinvestDassault SystèmesSolvayStellantisLes Echos

Bernard CharlèsIlham KadriCarlos TavaresJehanne Leroy

What was the average CEO compensation in the CAC 40 in 2023?: In 2023, the average compensation for CEOs in the CAC 40 index surpassed \u20ac7 million, a 6% increase from 2022 and a 37% rise since 2019. This represents approximately 95 times the average employee salary.
What types of compensation were included in Proxinvest's report?: Proxinvest's report includes various forms of compensation, including salaries, bonuses, and stock options, which may differ from figures reported by the companies themselves.
Who were the three highest-paid CEOs in 2023 according to Proxinvest?: Bernard Charl\u00e8s, CEO of Dassault Syst\u00e8mes, topped the list of highest-paid executives in 2023 with a compensation of \u20ac46.8 million, followed by Ilham Kadri of Solvay and Carlos Tavares of Stellantis.
Why was the decrease in CEO compensation in 2022 considered "illusory"?: The 2022 decrease in CEO compensation was deemed "illusory" due to an exceptionally high payout to Carlos Tavares in 2021, which skewed the average. The 2023 figures reflect a return to a more typical compensation pattern.
How did the average CEO compensation in the SBF 120 change in 2023 compared to previous years?: The average compensation for CEOs in the SBF 120 index also increased to \u20ac4.3 million in 2023, a 2% rise from 2022 and a 17% increase since 2019.

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