Management Board Salaries Increased by 13.2% in 2010

Markets ♦ Published: November 29, 2011; 22:04 ♦ (Vindobona)

Salaries for a company’s board members totaled € 3.4m, while compensations for supervisory board members amounted to € 182,000 on average.

Management Board Salaries Increased by 13.2% in 2010 / Picture: © Vindobona.org

In 2010, the salaries of management board members of Austrian stock-listed companies increased by 13.2% on average compared to the year before. The average total salaries of a prime market company’s board amounted to € 3.4m or 1.3% of the profit from ordinary activities, according to calculations of the investors association (IVA, Interessenverband für Anleger).

With €…