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Swiss CEO salaries rise by 5 percent amid growing shareholder opposition

In 2023, CEO salaries in Switzerland increased by an average of 5%, reaching CHF 8 million ($9.2 million), according to a study by the Ethos Foundation. UBS CEO Sergio Ermotti topped the list with CHF 14.5 million, followed by Novartis and Nestlé executives. Despite rising remuneration, shareholder opposition to such increases is growing, with 17.7% rejecting top managers' pay demands in 2024.
SWI swissinfo.ch
Swiss Franc UBS AG Nestlé S.A. Novartis AG CHE Joe Jimenez Paul Bulcke Sergio Ermotti Show more
Finance & Economy, News Article
10:48 26.10.2024

ceo salaries in switzerland rise five percent driven by top earners

CEO pay among the largest listed Swiss companies increased by an average of 5% last year, reaching CHF 8 million. This rise was largely driven by UBS CEO Sergio Ermotti, who earned CHF 14.5 million during his nine-month tenure, making him the highest-paid CEO in the Swiss Market Index. Notably, the total remuneration for SMI CEOs has surged by approximately 25% over the past three years.
Nau
Swiss Franc UBS AG Nestlé S.A. Novartis AG CHE Sergio Ermotti Joe Jimenez Show more
TradFi, Market Report
08:55 26.10.2024
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