The wage gaps between CEOs and employees of the hundred largest French companies are “abyssal”. The NGO Oxfam denounces this Thursday in a report the unequal sharing of profits of French companies. And in an inflationary context which strangles the French, this gap which continues to widen is painful.
Between 2009 and 2021, the hundred largest French firms have doubled their wealth. Some companies are posting record profits. “The remuneration of CEOs has increased by 66%” against only 14% for the share redistributed to employees, notes Oxfam France. From 2011 to 2021, the pay gap between CEO and average salary “has increased from 64 to 97”. That is, these CEOs earn an average of 97 times the salary of their employees.
“Me too, it shocks me,” said Macron
The NGO, which points the finger at certain flagship companies such as Dassault or Stellantis, notes that the wealth produced by these firms “continues to be unevenly distributed within them”. And some examples are striking. In 3:22, Stellantis CEO Carlos Tavares earned “the equivalent of his company’s average annual salary.” “Time for a Paris-Marseille by TGV”, squeals the former environmentalist deputy and general manager of the NGO Cécile Duflot.
Worse still for the CEO of Teleperformance (world leader in call centers) Daniel Julien. The latter earns “1,484 times more than the average employee of the company”, calculates Oxfam France. “This shocks everyone, it shocks me too”, reacted Emmanuel Macron in operation seduction in Dole, in the Jura, this Thursday. “When the differences reach these proportions, you can no longer explain them to people”, estimated the President of the Republic, quoted by BFM TV. If Emmanuel Macron believes that “we cannot replace shareholders”, the NGO Oxfam recommends valuing salaries and imposing a gap of 1 in 20 between the remuneration of CEOs and the median salary of the company .