CEO pay in the Netherlands jumped 16% in 2010 as the executives’ compensation started working its way back to prerecession levels.
The average income jumped 16 percent to 3.1 million Euros last year. According to a study published Friday by the Volkskrant about the salaries of CEOs at 21 of the 25 companies listed on the AEX.
The top executives compensated their income loss over the past two years with the salary increase. In 2008 and 2009, the total remuneration to the directors decreased about 20 percent.
The large fluctuations are due to salary and bonuses and stock option profits. Bonuses in the business bounced back in 2010 after two lean years. The CEOs saw their average annual bonus increase with 40 percent to 935,000 Euros.
The annual salary of Dutch executives remained at an average of 890,000 Euros.