(Comment by ShellNews.net: From the oil companies, only Desmarest appears on the list below…. Does this say something about who will have the biggest job soon…?)
A heavy reliance on stock options to compensate executives puts the French at the top of Fortune’s highest-paid list.
By Peter Gumbel, Fortune
July 25 2007: 5:45 AM EDT
(Fortune Magazine) — This year, Fortune’s list of the highest-paid corporate leaders in Europe reads like a Who’s Who of le tout Paris, with French executives taking ten of the 20 top spots, including first and second place. Carlos Ghosn, CEO of French automaker Renault, easily topped the list with $45.5 million (which doesn’t include the millions he gets for also running Japan’s Nissan (Charts), whose principal owner is Renault). That was more than seven times the size of his 2005 package and more than double that of the second-place CEO, Jean-Paul Agon of L’Oréal (Charts), with $19.3 million. read more
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