While their salaries had fallen by 21% on average in 2020, the bosses of companies in the CAC 40 stock market index should catch up well this year.

According to a study presented in tandem by L'Hebdo des AG and the law firm Avanty, specializing in executive compensation, they could receive 5.4 million euros on average over 2021. This is 1.6 million more than the average established the previous year in the midst of a health crisis.

These envelopes, which were voted at the general meetings of shareholders between April and June, exceed by 10% those of 2019 within the CAC 40. “The rebound in remuneration reflects the economic recovery”, observes Bénédicte Hautefort, founder of the CAC 40. Weekly GA.

The climate bonus

Big change compared to last year, the performance of companies is no longer "exclusively financial", analysis Bénédicte Hautefort evoking the climate among these "extra-financial criteria".

The latter arrived in the remunerations of big bosses appeared in the year of the Paris Climate Agreements in 2015, in particular at LVMH, Bouygues, Danone, Veolia and Kering.

This year, "they are very numerous to cross this milestone, or, if they had already crossed it in the meantime, increase the share of climate in their variable", according to the study.

Thus, 67% of CAC 40 executives have a bonus depending on their climate strategy ”, which means that this variable compensation relating to the current year is indexed to a specific climate criterion.

Another novelty in the 2021 remuneration policies: "the generalization of exceptional bonuses capped, at the discretion of the Board, to manage unforeseen situations such as those of 2020", underlines the firm Avanty.

For 2022, "the rebound in remuneration will be confronted both with the presidential campaign in France and with the observation, or not, of the economic recovery", predicts the Avanty cabinet.

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  • Danone

  • Veolia

  • LVMH

  • Patronage

  • CAC 40

  • salary

  • Economy