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Rip-off initiative shows no effect

The group heads of the main Swiss listed companies have been paid in 2018, significantly better than in the previous year. Top earners among Swiss CEOs remains

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Rip-off initiative shows no effect

The group heads of the main Swiss listed companies have been paid in 2018, significantly better than in the previous year. Top earners among Swiss CEOs remains UBS CEO Sergio Ermotti. The most striking Saläranstieg Tidjane Thiam of Credit Suisse.

on average, the heads of the largest exchange-received-listed companies in Switzerland last year, over 6.2 million francs in salary and Bonus, such as a data analysis of the news Agency AWP. Statistically, the company distributed 6 percent more to the top of the group head than 2017. Of AWP, and the details were evaluated, and of those 24 companies in the Swiss Leader Index (SLI), have published today their annual report.

Ermotti remains the top earners

top earners remains UBS CEO Sergio Ermotti, who suffered in comparison to the previous year, only a marginal loss of Salary and 2018 14.1 million Swiss francs has been collected. In this so-called total compensation promised contributions in the context of long-term bonus programs are included. In fact, Ermotti was paid, while around 2.1 million Swiss francs less, however, Ermotti holds on to the top of the leaderboard.

Significantly more wages than a year earlier, Tidjane Thiam of Credit Suisse. He received 2018, approximately 12.7 million Swiss francs - nearly 3 million and 30 per cent, more than in the previous year. 2017 Thiam had voluntarily waived the Bonus. With his new Gesamtsalär Thiam is new on rank 2 of the highest-earning CEOs.

Roche chief Severin Schwan received with approximately 11.8 million Swiss francs, slightly more than in the previous year, but a new behind Thiam is only on place 3. The new Novartis CEO Vasant Narasimhan got a salary and bonuses in the amount of slightly more than 9.9 million Swiss francs, significantly less than his predecessor, Joseph Jimenez, especially since he took office in February. Nevertheless, it is sufficient for him to seat 4 of the highest-earning CEOs.

On the 5th place of the ranking list of the best paid CEOs of Nestlé, CEO Ulf Mark Schneider- but his overall entlöhung moves for 2018, with around 9 million Swiss francs, slightly below the level of the Salary, which ABB has been awarded man of Ulrich meat Hofer 2017. The technology group ABB will publish its annual report, but not until next week.

Some of the companies to speak to their managers shares, but are issued at a later date. Because, however, be used in the evaluation of these packages of shares, different methods, is to enjoy the comparison of CEO salaries with some caution. In the tendency to apply to all cases.

money blessing for Hodler, Julius Baer

Of the 16 heads of companies, the 2018, more received than in the previous year, was able to benefit in addition to Tidjane Thiam Bernhard Hodler, Julius Baer the most. He was again in a Total of about 4.8 million Swiss francs, or CHF 1.3 million, or 28 percent more than in the previous year.

At the Partners Group to handle for the top Management level twice in the bag. The now-resigned Co-CEO Christoph Rubeli received as his equal counterpart André Free almost 1.2 million Swiss francs and more. The Zug-based asset Manager poured the two heads of over 10 million Swiss francs, an increase of 30 percent in 2017.

Also, Nestlé was the head of the group, in 2018, cost significantly more. Ulf Mark Schneider received cash and share awards of over 9 million francs and was able to increase his salary to more than 1.1 million Swiss francs. This corresponds to a Plus of 15 percent.

other members of Executive management benefit

Not only the corporate heads, the remaining members of the Executive Committee of the tested SLI-firm got 2018, more money, and shares. The average remuneration per group management member amounted to more than 3.1 million Swiss francs and 4 percent in 2017.

The most significant rise was in the case of Lafarge, Holcim, the group received management without the CEO on average, over 3 million Swiss francs, 53 percent more than in the previous year. Also in the case of Credit Suisse, the group received management significantly more: an average of over 7.3 million Swiss francs, an increase of 34 percent. In addition, the management members received in the case of Nestlé and Clariant (plus 23 percent), and Novartis (plus 18 percent), on average, significantly more.

rip-off initiative without effect

The increase in Manager salaries in 2018 and shows that, in 2013, by the people, adopted rip-off initiative was not able to counteract the steadily increasing Salaries of the Top Management. The initiative had the goal of more transparency and a ban on Severance payments and advance payments on the escalating Salaries of company bosses to curb.

A long-term comparison of the chief wages of the company, which are represented since 2012, in SLI, that shows the heads of companies currently receive significantly more money than six years ago. In 2012, the average CEO salary was just under 5.9 million Swiss francs, 2018, the bosses got an average of 6.4 million Swiss francs. Thus, the Manager's wages have risen in this period in the investigated company by almost 10 percent. (anf/sda)

Created: 22.03.2019, 11:04 PM

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