{"id":1863,"date":"2012-03-16T19:36:33","date_gmt":"2012-03-16T18:36:33","guid":{"rendered":"https:\/\/blog.iese.edu\/martinezabascal\/?p=1863"},"modified":"2012-03-19T12:25:39","modified_gmt":"2012-03-19T11:25:39","slug":"remuneracion-de-la-alta-direccion","status":"publish","type":"post","link":"https:\/\/blog.iese.edu\/martinezabascal\/2012\/03\/16\/remuneracion-de-la-alta-direccion\/","title":{"rendered":"Remuneraci\u00f3n de la alta direcci\u00f3n"},"content":{"rendered":"<p>El 2011 fue un mal a\u00f1o para las empresas del IBEX. El EBITDA promedio baj\u00f3 un 4,5% (aunque esta cifra muchos la quisieran para s\u00ed). Las ventas crecieron casi un 14%, gracias a que un 60% es en el exterior (Fuente: Expansi\u00f3n 1\/3\/12, p\u00e1g. 4).<\/p>\n<p>El 2011 fue un buen a\u00f1o para la alta direcci\u00f3n de las empresas del IBEX. La remuneraci\u00f3n promedio de los consejeros ejecutivos subi\u00f3 un 4,5% en 2011. (Fuente Expansi\u00f3n 1\/3\/12 p\u00e1g. 3 y CNMV). S\u00f3lo hay datos comparables de 30 empresas:<\/p>\n<ul>\n<li>7 empresas bajan el sueldo a la alta direcci\u00f3n<\/li>\n<li>2 lo dejan igual<\/li>\n<li>12 lo suben<\/li>\n<li>9 lo suben mucho. Son las siguientes.\u00a0<\/li>\n<\/ul>\n<table width=\"351\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td valign=\"bottom\" nowrap=\"nowrap\" width=\"95\">\u00a0<\/td>\n<td valign=\"bottom\" width=\"128\">\n<p align=\"center\"><strong>Var. EBITDA 2010\/2011<\/strong><\/p>\n<\/td>\n<td valign=\"bottom\" width=\"128\">\n<p align=\"center\"><strong>Var. Sueldos Alta Direcci\u00f3n<\/strong><\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap=\"nowrap\" width=\"95\">\n<p align=\"left\">Abertis<\/p>\n<\/td>\n<td valign=\"bottom\" nowrap=\"nowrap\" width=\"128\">\n<p align=\"center\">2%<\/p>\n<\/td>\n<td valign=\"bottom\" nowrap=\"nowrap\" width=\"128\">\n<p align=\"center\">33%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap=\"nowrap\" width=\"95\">\n<p align=\"left\">Acerinox<\/p>\n<\/td>\n<td valign=\"bottom\" nowrap=\"nowrap\" width=\"128\">\n<p align=\"center\">-11%<\/p>\n<\/td>\n<td valign=\"bottom\" nowrap=\"nowrap\" width=\"128\">\n<p align=\"center\">22%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap=\"nowrap\" width=\"95\">\n<p align=\"left\">Ebro Foods<\/p>\n<\/td>\n<td valign=\"bottom\" nowrap=\"nowrap\" width=\"128\">\n<p align=\"center\">2%<\/p>\n<\/td>\n<td valign=\"bottom\" nowrap=\"nowrap\" width=\"128\">\n<p align=\"center\">22%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap=\"nowrap\" width=\"95\">\n<p align=\"left\">Ferrovial<\/p>\n<\/td>\n<td valign=\"bottom\" nowrap=\"nowrap\" width=\"128\">\n<p align=\"center\">-3%<\/p>\n<\/td>\n<td valign=\"bottom\" nowrap=\"nowrap\" width=\"128\">\n<p align=\"center\">17%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap=\"nowrap\" width=\"95\">\n<p align=\"left\">Gas Natural<\/p>\n<\/td>\n<td valign=\"bottom\" nowrap=\"nowrap\" width=\"128\">\n<p align=\"center\">4%<\/p>\n<\/td>\n<td valign=\"bottom\" nowrap=\"nowrap\" width=\"128\">\n<p align=\"center\">37%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap=\"nowrap\" width=\"95\">\n<p align=\"left\">Indra<\/p>\n<\/td>\n<td valign=\"bottom\" nowrap=\"nowrap\" width=\"128\">\n<p align=\"center\">0%<\/p>\n<\/td>\n<td valign=\"bottom\" nowrap=\"nowrap\" width=\"128\">\n<p align=\"center\">25%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap=\"nowrap\" width=\"95\">\n<p align=\"left\">Repsol<\/p>\n<\/td>\n<td valign=\"bottom\" nowrap=\"nowrap\" width=\"128\">\n<p align=\"center\">-8%<\/p>\n<\/td>\n<td valign=\"bottom\" nowrap=\"nowrap\" width=\"128\">\n<p align=\"center\">43%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap=\"nowrap\" width=\"95\">\n<p align=\"left\">T. Reunidas<\/p>\n<\/td>\n<td valign=\"bottom\" nowrap=\"nowrap\" width=\"128\">\n<p align=\"center\">-2%<\/p>\n<\/td>\n<td valign=\"bottom\" nowrap=\"nowrap\" width=\"128\">\n<p align=\"center\">17%<\/p>\n<\/td>\n<\/tr>\n<tr>\n<td valign=\"bottom\" nowrap=\"nowrap\" width=\"95\">\n<p align=\"left\">Telef\u00f3nica<\/p>\n<\/td>\n<td valign=\"bottom\" nowrap=\"nowrap\" width=\"128\">\n<p align=\"center\">22%<\/p>\n<\/td>\n<td valign=\"bottom\" nowrap=\"nowrap\" width=\"128\">\n<p align=\"center\">34%<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p style=\"text-align: left\" align=\"center\">\u00a0<\/p>\n<p style=\"text-align: left\" align=\"center\">Me pregunto si en estas empresas y debido a la crisis ha habido reducci\u00f3n salarial, reducci\u00f3n de compras o precios a proveedores, reducci\u00f3n de gastos y reducci\u00f3n de todo. Quiz\u00e1 no, y por eso la alta direcci\u00f3n no tiene que reducirse el sueldo.<\/p>\n<p>&nbsp;<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>El 2011 fue un mal a\u00f1o para las empresas del IBEX. El EBITDA promedio baj\u00f3 un 4,5% (aunque esta cifra muchos la quisieran para s\u00ed). Las ventas crecieron casi un 14%, gracias a que un 60% es en el exterior (Fuente: Expansi\u00f3n 1\/3\/12, p\u00e1g. 4). El 2011 fue un buen a\u00f1o para la alta direcci\u00f3n [&hellip;]<\/p>\n","protected":false},"author":166,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26216],"tags":[],"class_list":["post-1863","post","type-post","status-publish","format-standard","hentry","category-empresa-y-gestion-empresarial"],"aioseo_notices":[],"aioseo_head":"\n\t\t<!-- All in One SEO 5.0.1.1 - aioseo.com -->\n\t<meta name=\"description\" content=\"El 2011 fue un mal a\u00f1o para las empresas del IBEX. El EBITDA promedio baj\u00f3 un 4,5% (aunque esta cifra muchos la quisieran para s\u00ed). Las ventas crecieron casi un 14%, gracias a que un 60% es en el exterior (Fuente: Expansi\u00f3n 1\/3\/12, p\u00e1g. 4). 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El 2011 fue un buen a\u00f1o para la alta direcci\u00f3n"},"aioseo_meta_data":{"post_id":"1863","title":null,"description":null,"keywords":null,"keyphrases":null,"primary_term":null,"canonical_url":null,"og_title":null,"og_description":null,"og_object_type":"default","og_image_type":"default","og_image_url":null,"og_image_width":null,"og_image_height":null,"og_image_custom_url":null,"og_image_custom_fields":null,"og_video":null,"og_custom_url":null,"og_article_section":null,"og_article_tags":null,"twitter_use_og":false,"twitter_card":"default","twitter_image_type":"default","twitter_image_url":null,"twitter_image_custom_url":null,"twitter_image_custom_fields":null,"twitter_title":null,"twitter_description":null,"schema":{"blockGraphs":[],"customGraphs":[],"default":{"data":{"Article":[],"Course":[],"Dataset":[],"FAQPage":[],"Movie":[],"Person":[],"Product":[],"ProductReview":[],"Car":[],"Recipe":[],"Service":[],"SoftwareApplication":[],"WebPage":[]},"graphName":"BlogPosting","isEnabled":true},"graphs":[]},"schema_type":"default","schema_type_options":null,"pillar_content":false,"robots_default":true,"robots_noindex":false,"robots_noarchive":false,"robots_nosnippet":false,"robots_nofollow":false,"robots_noimageindex":false,"robots_noodp":false,"robots_notranslate":false,"robots_max_snippet":null,"robots_max_videopreview":null,"robots_max_imagepreview":"large","priority":null,"frequency":null,"local_seo":null,"breadcrumb_settings":null,"limit_modified_date":false,"ai":null,"created":"2022-06-14 08:48:32","updated":"2026-04-21 12:27:46"},"aioseo_breadcrumb":"<div class=\"aioseo-breadcrumbs\"><span class=\"aioseo-breadcrumb\">\n\t\t\t<a href=\"https:\/\/blog.iese.edu\/martinezabascal\" title=\"Home\">Home<\/a>\n\t\t<\/span><span class=\"aioseo-breadcrumb-separator\">&raquo;<\/span><span class=\"aioseo-breadcrumb\">\n\t\t\t<a href=\"https:\/\/blog.iese.edu\/martinezabascal\/category\/empresa-y-gestion-empresarial\/\" title=\"Empresa. 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