It is not the economy stupid! Spanish and Italians CEOs Best Paid in Euro Zone

Despite posting record unemployment figures in the first quarter of this year, Spain and Italy’s CEOs are the best paid in the euro zone, according to a new report.

The annual Pay in Europe survey from The Federation of European Employers revealed that an Italian CEO of a multinational company could receive up to €1,144 per hour, while their Spanish counterpart could take home €946.

This comes despite Italy’s rate of unemployment hitting 12 percent in the first three months of 2012, its highest in 36 years, and Spain’s unemployment reaching a record 27.16 percent.

By comparison, the maximum a CEO in France could earn per hour was €655, the report said, while Germany’s top executives could expect to take home €647.

Chosen excerpts by Job Market Monitor

via Spanish and Italians CEOs Best Paid in Euro Zone.