BUSINESS

Salaries of Spain’s richest executives released

Top five salary earners made more than 62.7 million euros last year Pablo Isla, president of clothing group Inditex, was the nation’s biggest wage-earner

Spain’s top five salary earners made more than 62.7 million euros last year, according to figures released by the country’s largest firms.

Pablo Isla, president of clothing group Inditex, was the nation’s biggest wage-earner, making some 20.3 million euros in 2011 in salary, shares and incentives. Isla, who was named Inditex president last July, was given 221,264 shares worth 13.7 million euros. He was also paid 127,000 euros in commission and for serving on the company’s board.

Alfredo Sáenz, the vice president of Banco Santander, made 12.7 million euros last year, including 7.02 million euros in compensation.

In third place is César Alierta, the president of Telefónica, with a salary and compensation package worth 10.27 million euros in 2011. The telecoms chief earned 6.91 million euros in salary and received 2.2 million euros’ worth of shares. The rest of his earnings came from a pension package and other compensations.

Repsol president Antonio Brufau made 10.12 million euros last year, which also included salaries, an incentive package and shares in the petroleum giant.

Rounding out the list is José Ignacio Sánchez Galán, president of power company Iberdrola, with earnings last year that topped 9.5 million euros. His salary was listed at 6.3 million euros with 500,000 shares worth 3.2 million euros.

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