Not all the salaries of the presidents of the Ibex companies in 2022 have yet been published. That year, the highest salary corresponded to Ignacio Sánchez Galán, president of Iberdrola, with 13.21 million euros, followed by Pablo Isla (12.44 million) at Inditex and Ana Botín (12.29 million) at Banco Santander. The salary of Enrique Lores, 57, is higher than that of any of the presidents and CEOs of the Ibex 35 in 2021, the last year for which the figures for all companies are published. The executive also admits that the company has “navigated in a volatile and complex macroeconomic environment”, but describes the results of 2022, closed on October 31, as “solid”, with a slight drop in revenue, up to 63,000 million dollars, “in a difficult market environment that worsened in the second half of the year.” The benefit was cut in half, but in this case due to the extraordinary ones in 2021. We exceeded each of the key targets set out in our value creation plan, while significantly reducing our structural costs and strengthening our position in key growth areas”, he assures. In his message to shareholders On the occasion of the convening of the meeting, Lores points out that the objectives of the strategic plan that he outlined three years ago when he took office to accelerate the creation of value and achieve long-term sustainable growth have been met. The remuneration committee valued the purchase of Poly, specialized in teleworking solutions, the income from growth businesses, the Future Ready productivity plan (which includes cutting up to 6,000 jobs), the diversity of the workforce and the improvement of inclusion, among other factors. Lores’ personal evaluation, however, exceeded targets in non-financial aspects. The printer giant did not reach the revenue, operating result and free cash flow generation targets set in the incentive plan last year. This latest package includes $22,000 in security services and $120,000 for personal use of the Palo Alto, California-based company’s plane. Lores’ compensation breaks down to $1.25 million fixed salary 12.84 million remuneration in shares 5.34 million in options $1.45 million in incentive cash and nearly $200,000 in other compensation. That figure is up from $20.7 million a year earlier, even though the company’s profit was cut in half and the company implemented a headcount cut of 4,000 to 6,000 employees. The president and CEO of the multinational HP achieved in 2022 a total remuneration of 21.1 million dollars (about 20 million euros at current exchange rates), according to the documentation of the company’s next shareholders’ meeting. With a choice of two application methods, these acrylics can last for up to 2 weeks if applied with glue, or up to 5 days if applied with adhesive tabs, and can be reused if removed with care.Enrique Lores has established himself as one of the highest paid Spanish executives in the world. Instacrylics™ are acrylics that can be quickly and easily applied at home in under 10 minutes! You can wear them as is, or file and shape them to your desired preference. You’ll be sure to make others blush when they see you rocking these! What are Instacrylics ™ ? Say hello to our sophisticated taupe-coloured set, featuring a coffin shape and matte finish.
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