The management boards and supervisory boards of Austrian companies listed on the Vienna Stock Exchange were able to enjoy higher remuneration again in 2023 after a year of stagnation, according to an analysis by the Association of Investors (IVA). Total remuneration for management boards rose by 3.85 percent or around 10 million euros to 262 million euros.
The CEOs earn significantly more than their board colleagues: on average, they received 5.67 percent more than in the previous year. At Bawag, CEO Anas Abuzaakouk received 9.03 million euros, leading the CEO ranking. However, he had to accept losses: in 2022, he received 9.4 million euros.
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Image: Ingo Folie
Source: Nachrichten
