The difference between top managers’ salaries in Ibex-35 companies and the lowest salaries in these same firms is on average 207 times, which shows the salary gap in Spain is increasing.
Ibex 35 firms
The 29 firms listed on the Ibex 35 which published their treasury stock figures at end-2016 accounted for a total of 678.127.762 own shares, representing 0.87% of social capital, with a market value of 4.372 billion euros. Despite the fact the treasury stock figures registered at end-2016 were higher than those in December 2015, this is not the case if we add to these figures the share redemptions made by these same listed companies during the year
The Ibex 35 companies ended 2016 with earnings of 34.1 billion euros, up 46.7% from a year earlier. This figure includes the results of Inditex, which on Wednesday reported a 10% rise in profits last year to 3.157 billion euros.