TotalEnergies: why Patrick Pouyanné’s salary increase would not be so scandalous

It is this Friday that the shareholders of TotalEnergies must decide on the increase in the salary of their boss, Patrick Pouyanné. The board of directors will propose a 10% increase for the CEO, his remuneration would then exceed the 10 million euro mark in 2023. However, this amount is not that huge for a CEO…

This figure will make some employees jump. The board of directors of TotalEnergies will propose this Friday a 10% raise for the CEO of the French oil giant, Patrick Pouyanné. His compensation should then exceed 10 million euros in 2023, if the shareholders vote in favor of this salary increase for their boss. If the government has called for “sobriety”, this amount is far from outrageous in comparison with that of other great leaders.

These leaders who affect more than Patrick Pouyanné

First, in France, the CEO of TotalEnergies is far from being the best paid boss of the CAC 40. On behalf of the year 2021, Carlos Tavares, at the head of the Stellantis automotive group, for example earned more than 66 million euros. Bernard Charles, head of Dassault Systèmes, pocketed some 44 million euros. As for Daniel Julien, CEO of the group specializing in call centers Teleperformance, he received nearly 20 million euros.

Then, Patrick Pouyanné is less well paid than his alter egos in the other major oil groups in the world. In 2022, the CEO of TotalEnergies received 7.3 million euros, less than Ben Van Beurden, the boss of Shell, who received 10.7 million euros, than Bernard Looney at BP (11.2 million euros), than Mike Wirth, the boss of Chevron (22 million euros) and even more than four times less than Darren Wood, the CEO of ExxonMobil (33.5) million euros. There is therefore not necessarily enough to cry foul.

Source: Europe1

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