Top company executive pay back at pre-crisis levels

The average pay of top Dutch company bosses rose 16% last year to €3.1m and is now back to pre-crisis levels, according to research by the Volkskrant.

The highest earner is Shell CEO Peter Voser, whose total remuneration package was €10.5m.
The Volkskrant looked at the pay of senior executives at 21 of the 25 companies listed on the blue chip AEX exchange.
Over the previous two years, executive pay levels fell by around 20%.
Options and bonuses
The swings in salary are due to bonuses and profits on options and shares. In 2010, the average annual bonus rose 40% to €935,000. Fixed salary was more or less unchanged at an average €890,000, the paper said.
But pressure on banks which have had state aid not to pay bonuses meant ING’s Jan Hommen and Aegon’s Alexander Wyndaendts did not earn more money last year.
On Thursday it emerged Aegon had also opted not to give the executive board a bonus over 2010.
Second on the list of highest paid CEOs is KPN’s Ad Scheepbouwer with a pay packet totalling €7.9m. Klaas Wester of Fugro is third with just over €5m.
The paper also pointed out that nearly every AEX company booked a profit again in 2010.
The Volkskrant’s website includes a graph giving more details.

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