record for CAC 40 dividends in 2021

Dividends paid by CAC 40 companies reached a record amount of 57.5 billion euros in 2021, bringing in particular 2.4 billion euros to the Arnault family and 2 billion to the American asset manager Blackrock, the NGO calculated. Multinationals Observatory.

Drowned in the profits which have exploded compared to the year 2020 weighed down by the Covid-19, the groups of the main French stock market index have once again prioritized (their) shareholders, accuses the NGO in its annual report published Monday. Dividends, up by 32% compared to 2020, there is another form of shareholder bonus: share buybacks aimed at supporting stock market prices, 23 billion euros altogether in 2021.

After the Arnault group and Blackrock, the French State is, with 1.32 billion eurosthe third beneficiary of dividend payments for 2021 profits ahead of the Bettencourt families (890million) and Pinault (620million), details the association.

About a tenth of all dividends from the CAC 40 goes to 16 families historically linked to some of the largest French groups such as LVMH, Herms, L’Oral or Kering, according to the NGO. In addition, the tax contribution of CAC 40 groups seems to grow much less rapidly than their profits and dividends, notes the Observatory of multinationals.

6.6 million euros: the average remuneration of a CAC boss

Some 14% of all CAC 40 subsidiaries are located in tax havens, notes the report, recognizing however that the degree of presence of large French groups in these jurisdictions (…) is not enough prove alone that there is illicit tax evasion. The average remuneration of a boss of the CAC has increased by 52% in 2021 to reach 6.6million eurosafter, here too, a year of weaker health crisis.

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The increase between 2019 and 2021 is 26.4%, adds the NGO, and the leaders of companies in which the state is a shareholder are at the bottom of the ranking. The Dassault group is in the lead, with 44 million euros in compensation for its CEO. On average, a CAC 40 company spent in 2021 65,300 euros per employee (which notably includes employer contributions).

An average employee of the CAC 40 must work 139 days to earn what his boss earns in a single day

Compared to the remuneration of the leaders, the groups of the CAC40 are more and more unequal, accuses the NGO. Now, an average CAC 40 employee must work 139 days to earn what their boss earns in a single day, compared to 108 days in 2018.

The most unequal company of the index is, according to the association, the glove of call centers Teleperformancebringing together one of the highest salaries of his boss with a very low level of expenditure per employee.

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