CAC 40 Executives' Pay Surges 6% in 2023, Reaching Record Highs

The average compensation for top executives in France's leading companies has risen significantly, widening the income gap with their employees.

The average remuneration for CAC 40 executives climbed to €7.1 million in 2023, a 6% increase from the previous year, according to Proxinvest.
This marks a 37% rise compared to 2019, as companies recover from pandemic-related financial adjustments.
Bernard Charlès of Dassault Systèmes topped the pay list with €46.8 million, followed by Ilham Kadri of Solvay and Carlos Tavares of Stellantis.
The pay gap between executives and their employees has expanded, with a ratio now at 1 to 95, up from 1 to 74 in 2014.
Remuneration increases were driven by fixed salaries and stock options, despite a slight dip in annual bonuses compared to 2022.