CEO pay cuts during the pandemic
A lot of CEOs took huge pay cuts through the last financial year, others made bank. HBI explores CEO pay in a year when revenue expectations went out of the window, staff were furloughed and governments had to prop up businesses across EMEA.
Click here to go to HBI Intelligence, your own instant research service.
Almost all of the executives covered saw their total remuneration decline compared to the year before with cuts above 30% not uncommon. Of the companies we looked at, the CEOs of Ramsay Healthcare and Terveystalo took the biggest hits in the latest financial year although Ramsay’s covers an earlier time period and so won’t account for the recovery across the second half of the year.
HBI looked at total remuneration paid including benefits, but did not include CEO’s long-term share options, for the groups listed below.
It was perhaps Sonic’s Goldschmidt who has had the roughest deal compared to group performance: losing nearly a third of his pay despite the group’s share price rising 10% in the same period.
We would welcome your thoughts on this story. Email your views to Rachel Lewis or call 0207 183 3779.
