SPAIN’S top executives are the among the highest paid in Europe, despite the current economic crisis.
Topped only by Italy, Spainish CEOs take in a median base salary of €788 per hour while the top earners rake in a figure closer to €950 every 60 minutes.
Meanwhile, the lowest earners in Spain receive just €3.85 an hour.
The huge wage gap, highlighted in a report by the Federation of European Employers last week, has sparked debate about capping executive pay levels.
CEOs in Italy can earn a staggering €1,144 per hour, according to the report.
With Spain coming in at second, the UK bosses follow with a median base salary of €592 per hour while French CEOs take in €47 less earning €545 per hour.
In March this year, Swiss voters ruled to cap executive wages with a 68% majority.
The move means that company shareholders will now decide on executive pay levels.
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