A little bit obscene in a country where the majority of the population are having a problem keeping a roof over their heads, it seems Spain’s top five highest-paid executives made almost 68 million euros between them last year.
According to figures released by Spanish firms, Spain’s highest paid executive was Pablo Isla, who is the CEO of clothing group Inditex. He was paid 20.3 million euros in 2011 in salary, shares and incentives.
Second on the Spain’s highest-paid executives list is Alfredo Sáenz, Vice President of Banco Santander, who made 12.7 million euros.
Rounding out the top five? César Alierta, President of Telefónica, with a salary and compensation package of 10.27 million euros, President of Repsol, Antonio Brufau with his 10.12 million euros, and José Ignacio Sánchez Galán, President of power company Iberdrola, with 9.5 million euros.
To the 23 percent of Spaniards who don’t even make 20 thousand euros a year because they are unemployed,, and to the more than 40 percent of under 30-year-olds who can’t get a job and may never work, obscene is probably an understatement. It would also be interesting to see what these five men are doing to help Spain’s unemployed weather the storm. We’re guessing, probably not very much.