December 3, 2020

A third of the CEOs of Ibex companies renounce almost 18 million of their remuneration due to the pandemic



The directors of the companies that are listed in the largest benchmark stock index of the Spanish stock market have also felt the impact of covid-19 in their pockets, specifically, 33.33% have been deprived of a sum greater than 17.5 million euros with respect to the total remuneration accrued in 2019 by all the Ibex companies.

Although the trend was up 8% during 2019, the 5.4% declineIt is mainly due to the decisions taken in recent months to eliminate or reduce variable and fixed remuneration, measures chosen by companies in the financial, construction, hotel, airline, and real estate sectors, according to the report ‘Remuneration of


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