A manager who is close to the state and earns more than the chancellor, is that possible? After the salary “confession” of ORF boss Roland Weißmann, the waves are rising. With 380,000 euros gross, the TV General is one of the “thrifty”. Others at the helm of state-owned companies earn significantly more – also because they benefit from war, crises and inflation. The “Krone” has the ranking of the Gagenkaiser.
An Austrian top manager has earned after four working days what an average worker has to work for a year. In 2021, it was 2.8 million euros that each of the 20 ATX CEOs (those companies that are listed on the stock exchange) earned on average – a third more than in 2020 and 80 times higher than the median income of Austrians. Now it is difficult to dictate to private companies how much the men (among the 20 top earners there is only one woman: Elisabeth Stadler of the Vienna Insurance Group) at the top are worth to them.
Source: Krone
I’m Ben Stock, a journalist and author at Today Times Live. I specialize in economic news and have been working in the news industry for over five years. My experience spans from local journalism to international business reporting. In my career I’ve had the opportunity to interview some of the world’s leading economists and financial experts, giving me an insight into global trends that is unique among journalists.
