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Austria's Management and Supervisory Boards’ Salaries on the Test Bench

Published: September 20, 2010; 13:50 · (Vindobona)

The partly state-run OMV had the most expensive board of all Austrian corporations in 2009. In total, the oil company spent 10.2 million euro on its bosses, 23.4% more than the previous year.

Austria's Management and Supervisory Boards’ Salaries on the Test Bench / Picture: © Flickr / European Bank for Reconstruction and Development

While the corporations’ nationwide average executive salaries was slightly reduced by 4.8% percent to 2.9 million euro, there is one company where the executives were allowed to tuck in particularly strongly:

Immofinanz tripled the yearly salaries from 2.2 to 6.8 million euro, the Investors Association (IVA, Interessenverband für Anleger) announced today Monday.
This article includes a total of 331 words.

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