Indra, Iberdrola and Santander, the companies that pay their executives the best

Indra, Iberdrola and Santander, the companies that pay their executives the best

Indra, Iberdrola and Banco Santander were the most splendid IBEX 35 companies when it came to rewarding their main executives in 2023, for different reasons, compared to Aena, Redeia and Unicaja Banca, the most moderate in the salaries of their main executives.

The former CEO of Indra Ignacio Mataix was the executive who received the highest remuneration in 2023, a total of 15.5 million euros, ten times more than a year before, according to the data published so far, in which those of half a dozen companies.

The second highest paid on the IBEX 35 was the president of Iberdrola, who earned 13.84 million of euros, 6% more than a year, and next is the president of Banco Santander, Ana Botín, with 12.24 million euros, 4.20% more.

However, the comparisons are not homogeneous, since Sánchez Galán does not receive contributions to his pension plan, while Botín does and has already accumulated a piggy bank that exceeds 49 million.

Without counting the data from half a dozen companies that have not yet published their remuneration reports, according to data compiled by EFE, after Botín would be the president of BBVA, Carlos Torres, because although at the moment he earned 6.46 million, that Salary could reach 8.4 million depending on objectives, 1.26% more.

For its part, The CEO of Sacyr, Manuel Manrique, earned 6.78 million in 2023, 0.65% less, while the president of Telefónica, José María Álvarez-Pallete, earned 6.32 million in the same period, 6.88% less.

Between 6 and 4 million, the president of Naturgy appears, with 5.46 million, 6.6% less; that of Ferrovial, Rafael del Pino, with 5.37 million, 2.34% more, and the CEO of CaixaBank, Gonzalo Gortázar, with 4.15 million, 5% more.

Below 4 million but above 3 million are the CEO of Repsol, Josu Jon Imaz, with 3.93 million, 4.96% less; that of Amadeus, Luis Maroto, 3.9 million, 35.5% more, and the president of Acciona, José Manuel Entrecanales, with 3.75 million, 28.9% less.

Next, up to 7 large companies paid more than 2 million euros to their main executives. This is the case of the CEO of Acerinox, 2.71 million; the president of Mapfre, Antonio Huertas, 2.4 million, 10.5% more; the CEO of Merlin Properties, Ismael Clemente, almost 2.3 million, 14.7% less and the CEO of Colonial, Pedro Viñolas, 2.28 million, 35% more.

Completing the list with remunerations above two million, the director of Endesa, José Bogas, who received 2.12 million euros, 14.2% less; that of Enagás, Gonzalo Aizpiri, who received 2,097 million in his first full year in office, and that of Cellnex, Marco Patuano, who earned 2.1 million.

And already in the range between one and two million, the top executives of four entities appear: Banco Sabadell, Bankinter, the Meliá hotel chain and the pharmaceutical company Rovi. Coincidentally, the CEO of Banco Sabadell, César González-Bueno, and his counterpart at Bankinter, María Dolores Dancausa, both earned 1,797 million, 27.4% less and 15% more, respectively.

The president and CEO of Meliá, Gabriel Escarrer, received 1.55 million, 6% more, while the president and CEO of Rovi, Juan López-Belmonte, earned 1,095 million.

The lowest paid At the bottom of the list are the main executives of AENA, Redeia (formerly Red Eléctrica) and Unicaja Banco, the “worst paid” of the IBEX 35. Thus, for example, the president and CEO of AENA, Maurici Lucena, won 187,000 euros in 2023, 3.3% more; the president of Redeia, Beatriz Corredor, 546,000 euros, exactly the same as a year before, and the former CEO of Unicaja Banco Manuel Menéndez, 842,000 euros, 11.1% more.


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