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executive pay

This tag is associated with 5 posts

Are we Portuguese living beyond our means?

By Jose Manuel Pureza If there wasn’t the Troika there wouldn’t be money to pay salaries or pensions – this assertion is repeated ad nauseam by the heralds of foreign intervention in Portugal. And this is immediately followed by the argument that this is because we have long been living beyond our means, squandering money … Continue reading

Italy’s top execs are having a good crisis

Here’s a provisional ranking of the top paid private sector executives in 2012 in Italy, based on data published so far by some of Italy’s top companies, most of them banks, including one –  Monte dei Paschi – embroiled in a huge scandal  Luigi Francavilla, president, Luxottica Srl, €18 million John Perissinotto, ex-CEO, Generali, €11.5 million … Continue reading

France’s socialists and a fitting executive pay cap

The French government this week announced plans to cap the salary of public sector chief executives at 450,000 euros per year. The decree, which will be released by the end of July assuming the socialists win a majority in the parliamentary election run-offs on Sunday, is designed to limit the accumulation of incomes, including fixed … Continue reading

French Fat Cat Feeding Frenzy Continues

Gruel for the masses, cream for the lucky few. A familiar tale. Inequality of wealth, and the greed and excess of France’s 1% was a significant theme in the French Presidential election. The highest paid executives of the top 40 listed companies in France had been provided with a slap up 39 million-euro meal for … Continue reading

Public sector excess swamped by private greed

Public sector managers have become, like other elements of Italy’s political-bureaucratic ‘casta’, a target of public anger at a time when jobs are being slashed, wages frozen and living costs soaring.    Take Antonio Manganelli, head of the police, on Euros 621,000 a year, compared to an average income in the country of Euros 1,286. … Continue reading

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