This year, Forbes' "25 Most Valuable CEOs" ranking turns five years old. We began compiling it at a time of unprecedented generosity from employers, the peak of which came in 2012: then the 25 largest companies in Russia, according to official data, paid all their top managers a total of $1.89 billion. In 2014, the total amount was more modest - $1 .23 billion, and in 2015 - only $827 million. Since 2012, total payments have decreased by 2.3 times, and the ruble exchange rate has fallen by about the same amount.
Salaries and bonuses of executives of Russian companies in the vast majority of cases (90%, according to Andrey Filippov, managing partner of Horton International) are today fixed in rubles, and not in dollars and euros, as before. Recruitment specialists say that managers themselves continue to count their income in hard currency. “In recent years, companies have gone in two directions: some converted everything into rubles, while others left everything in dollars, but stopped paying premiums,” says Georgiy Abdushelishvili, senior partner at the consulting company Ward Howell International.
A number of participants in the latest Forbes rating maintain foreign exchange contracts. The head of X5 Retail Group, Igor Shekhterman, has a minimum annual remuneration under the contract of $4 million. The company reports this in its annual report. Jean-Yves Charlier (Vimpelcom) and Vladislav Soloviev (UC Rusal) also earn in dollars. Soloviev, whose annual remuneration of $7.4 million was disclosed in the UC Rusal report, moved in the ranking from 25th to 6th place over the year (see).
In state-owned companies, executive remuneration is usually fixed in rubles. In Rosneft Oil Company this rule applies to members of the board of directors, and for members of the board of directors the amounts are indicated in dollars. Chairman of the Board of Gazprombank Andrey Akimov(No. 9 in the ranking) received a bonus of $530,000 for his work on the board of directors of Rosneft in 2015. State-owned companies still do not publish information about the income of their executives. The only thing that pleased me this year was Inter RAO - its CEO Boris Kovalchuk, son of the main shareholder of Rossiya Bank Yuri Kovalchuk, earned 212.6 million rubles ($3.5 million) in 2015. The situation with private companies is no better. Therefore, our rating is based mainly on estimates.
The methodology for compiling the rating remained the same: we limited the range of potential participants to the 70 largest enterprises by revenue in 2015, excluding from them state corporations and companies managed by owners, such as Lukoil, Norilsk Nickel or Novatek.
The estimate is in most cases derived from calculations based on the total remuneration paid to senior management in 2015 (this figure is usually disclosed by companies in their financial statements). The valuation takes into account short-term remuneration (salaries, bonuses and other types of remuneration), long-term remuneration (share-based payments) and remuneration received from participation in the boards of directors of subsidiaries. The calculation includes bonuses based on the results of 2014, paid in 2015, and does not include bonuses for 2015, which were paid in the spring-summer of 2016. For conversion, the average rate for 2015 was used - 61.3 rubles per dollar.
The results are shown in the table. If a company disclosed its executive's compensation in its annual report or provided information at Forbes' request, the rankings include official data.
© Forbes.ru, 11/24/2016
25 most expensive company executives: annual Forbes ranking
Forbes presents the fifth annual list of the highest paid executives of Russian companies. In first place this year is the head of Gazprom Alexey Miller(estimated reward - $17.7 million). President of Rosneft Igor Sechin ranks second with remuneration estimated at $13 million. Last year they got, according to Forbes, $27 million and $17.5 million, respectively.The total remuneration of all rating participants decreased by one and a half times over the year. The former head of the Bank of Moscow left the rating Mikhail Kuzovlev, former head of Russian Railways Vladimir Yakunin, CEO of Eurochem Dmitry Strezhnev, former head of RusHydro Evgeniy Dod, former head of Bashneft Alexander Korsik and former CEO of Megafon Ivan Tavrin. Their places were taken by: CEO of Vimpelcom Jean-Yves Charlier, CEO of Polyus Pavel Grachev, Chairman of the Board of Inter RAO Boris Kovalchuk, CEO of Metalloinvest Andrey Varichev, President of Transneft Nikolay Tokarev and CEO of X5 Retail Group Igor Shekhterman. [...] 1. Alexey Miller
Job title: Chairman of the Board of PJSC Gazprom
Age: 54 years old
Reward Estimate:$17.7 million
Place of Birth: Leningrad
Education: Leningrad Financial and Economic Institute named after. N. A. Voznesensky. Candidate of Economic Sciences
Share of shares in the company: 0,000958%
Package price:$488,198 (as of October 20, 2016)
Number of employees: 325,000 (average headcount for 2016)
2014: $113.8 million
2015: $78.3 million
Profit:
2014: $4.1 billion
2015: $13.1 billion [...]
2. Igor Sechin
Job title: President, Chairman of the Board of Oil Company Rosneft
Age: 56 years old
Reward Estimate:$13 million
Place of Birth: Leningrad
Education: Leningrad State University (LSU)
Share of shares in the company: 0,1273%
Package price:$74 million (as of October 20, 2016)
Number of employees: 261,500 (as of December 31, 2015)
Total remuneration of key managers:
2014: $181.3 million
2015: $53.1 million
Profit:
2014: $9.1 billion
2015: $5.8 billion [...]
Andrey Kostin
Job title: President - Chairman of the Board of VTB Bank
Age: 60 years
Place of Birth: Moscow
Education: Moscow State University named after. M. V. Lomonosova (MSU)
Share of shares in the company: 0,00183%
Package price:$256,000 (as of October 20, 2016)
Number of employees: 92,882 (as of December 31, 2015)
Total remuneration of key managers:
2014: $152.8 million
2015: $99.5 million
Profit:
2014: $20.8 million
2015: $27.7 million [...]
3. German Gref
Job title: President, Chairman of the Board of Sberbank
Age: 52 years old
Reward Estimate:$11 million
Place of Birth: Panfilovo, Pavlodar region, Kazakh SSR
Education: Omsk State University, graduate school of Leningrad State University (LSU)
Share of ordinary shares in the bank: 0,003%
Package price:$1.53 million (as of October 20, 2016)
Number of employees: 271,231 (as of December 31, 2015)
Total remuneration of key managers:
2014: $73.2 million
2015: $47.8 million
Profit:
2014: $7.5 billion
2015: $3.6 billion [...]
4. Dmitry Razumov
Job title: CEO of the Onexim group
Age: 41 years old
Reward Estimate:$10 million
Place of Birth: Moscow
Education: Moscow State Institute of International Relations [...]
5. Ivan Streshinsky
Job title: CEO of USM Advisors
Age: 47 years old
Reward Estimate:$10 million
Place of Birth: Kyiv
Education: Moscow Institute of Physics and Technology [...]
6. Vladislav Soloviev
Job title: CEO of UC Rusal
Age: 43 years
Reward Estimate:$7.4 million
Place of Birth: Moscow
Education: State Academy of Management, MSTU "Stankin", Financial Academy under the Government of the Russian Federation [...]
7. Mikhail Shamolin
Job title: President of AFK Sistema
Age: 46 years old
Reward Estimate:$7.4 million
Place of Birth: Moscow
Education: MADI, Russian Academy of Civil Service under the President of the Russian Federation, Wharton School of Business [...]
8. Mikhail Zadornov
Job title: President - Chairman of the Board of VTB24
Age: 53 years old
Reward Estimate:$6.5 million
Place of Birth: Moscow
Education: Moscow Institute of National Economy named after. G. V. Plekhanova [...]
9. Andrey Akimov
Job title: Chairman of the Board of Gazprombank
Age: 63 years old
Reward Estimate:$6.3 million
Place of Birth: Leningrad
Education: Moscow Financial Academy [...]
10. Ruben Aganbegyan
Job title: Chairman of the Board, General Director of Otkritie Holding OJSC
Age: 44 years old
Reward Estimate:$6 million
Place of Birth: Novosibirsk
Education: Moscow State Law Academy [...]
11. Jean-Yves Charlier
Job title: CEO of Vimpelcom Ltd
Age: 52 years old
Reward Estimate:$5.7 million
Place of Birth: Belgium
Education: Wharton School of Business, MBA in Strategy and Marketing [...]
12. Maxim Sokov
Job title: CEO of En+
Age: 37 years
Reward Estimate:$5 million
Place of Birth: Moscow
Education: All-Russian State Tax Academy, New York University [...]
13. Alexey Marey
Job title: Chief Managing Director of Alfa-Bank
Age: 39 years
Reward Estimate:$4.5 million
Place of Birth: Moscow
Education: Moscow Aviation Institute (MAI) [...]
14. Gulzhan Moldazhanova
Job title: CEO of Basic Element
Age: 50 years
Reward Estimate:$4 million
Place of Birth: Almaty
Education: Kazakh State University, Financial Academy under the Government of the Russian Federation [...]
15. Alexander Dyukov
Job title: General Director of Gazprom Neft
Age: 48 years old
Reward Estimate:$3.8 million
Place of Birth: Leningrad
Education: Leningrad Order of Lenin Shipbuilding Institute [...]
16. Nail Maganov
Job title: General Director of Tatneft
Age: 58 years old
Reward Estimate:$3.6 million
Place of Birth: Almetyevsk
Education: Moscow Institute of Petrochemical and Gas Industry named after. I. M. Gubkina [...]
17. Pavel Grachev
Job title: General Director of PJSC Polyus
Age: 43 years
Reward Estimate:$3.5 million
Place of Birth: Saint Petersburg
Education: St. Petersburg State University and the University of Trieste (Italy) [...]
18. Boris Kovalchuk
Job title: Chairman of the Board of Inter RAO
Age: 38 years
Reward Estimate:$3.5 million
Place of Birth: Saint Petersburg
Education: St. Petersburg State University [...]
19. Andrey Varichev
Job title: General Director of Management Company "Metalloinvest"
Age: 48 years old
Reward Estimate:$3.4 million
Place of Birth: Eagle
Education: Moscow Aviation Technical Institute named after. K. E. Tsiolkovsky (MATI) [...]
20. Alexey Moskov
Job title: Chairman of the Board of Renova Group of Companies
Age: 45 years
Reward Estimate:$3 million
Place of Birth: Moscow
Education: Moscow Institute of Transport Engineers (MIIT) [...]
21. Nikolay Tokarev
Job title: President, Chairman of the Board of Transneft
Age: 65 years old
Reward Estimate:$3 million
Place of Birth: Karaganda, Kazakh SSR
Education: Karaganda Polytechnic Institute, Higher School of the KGB [...]
22. Andrey Dubovskov
Job title: MTS President
Age: 50 years
Reward Estimate:$2.9 million
Place of Birth: Almaty
Education: All-Russian State Institute of Cinematography (VGIK), directing department [...]
23. Igor Shekhterman
Job title: Chief Executive Officer of X5 Retail Group
Age: 46 years old
Reward Estimate:$2.8 million
Place of Birth: Kaliningrad
Education: Kaliningrad Technical University, Institute d"Administration des Enterprises, Danish Management School [...]
24. Dmitry Konov
Job title: Chairman of the Board of Sibur Holding
Age: 46 years old
Reward Estimate:$2.6 million
Place of Birth: Moscow
Education: MGIMO, IMD [...]
Forbes has published its latest ranking of the highest paid top managers in Russia. This rating has been published for five years now.
During this time, total payments to executives of Russian companies increased by 2.3 times.
Below is the rating
the most “expensive” top managers
according to Forbes.
1. Alexey Miller
Position: Chairman of the Board of PJSC Gazprom
Age: 54 years
Reward Evaluation: $17.7 million
- Alexey Miller was born on January 31, 1962 in Leningrad.
- Since 2001 - Chairman of the Board of PJSC Gazprom.
- Since 2002 - Deputy Chairman of the Board of Directors of PJSC Gazprom.
- In February 2016, it became known that the contract with Alexey Miller as Chairman of the Board of Gazprom PJSC had been extended for another 5 years
2. Igor Sechin
Position: President, Chairman of the Board of Oil Company Rosneft
Age: 56 years
Reward Evaluation: $13 million
- Igor Sechin was born in Leningrad on September 7, 1960.
- On May 23, 2012, shortly after Putin took office as President of the Russian Federation for a third term, Sechin was appointed president of Rosneft.
- As Forbes notes, in 2015 Sechin received 3.4 million rubles. for his work on the board of directors of Inter RAO. He donated the money received to charity.
- The stake in Rosneft brought him $2.5 million in dividends based on the results of 2015.
3. German Gref
Position: President, Chairman of the Board of Sberbank
Age: 52 years
Reward Evaluation: $11 million
- Gref was born in the village of Panfilovo, Irtysh district, Pavlodar region, Kazakh SSR.
- German Gref was the main lobbyist for Russia's entry into the World Trade Organization.
- Also, at various times, he was a member of the board of directors of many state-owned companies (Gazprom, Svyazinvest, etc.)
- From October 2007 to the present, Gref has been Chairman of the Board of Sberbank of Russia.
4. Dmitry Razumov
Position: General Director of the ONEXIM group
Age: 41 years
Reward Evaluation: $10 million
- Dmitry Razumov was born on February 7, 1975 in Moscow.
- Graduated from the Faculty of International Law of the Moscow State Institute of International Relations.
- Since 2007, he has held the position of general director of the ONEXIM group, which included assets acquired by Mikhail Prokhorov during the division of business with Vladimir Potanin.
5. Ivan Streshinsky
Position: CEO of USM Advisors
Age: 47 years
Reward Evaluation: $10 million
- Streshinsky was born in 1969. He received his higher education at the Moscow Institute of Physics and Technology.
- He graduated from his studies in 1992. He studied in the specialty “applied mathematics and physics” at the Faculty of Flight Engineering and Aerodynamics.
- From 2006 to 2007 served as general director of Gazmetal, which owned a number of metallurgical assets of Alisher Usmanov and Andrey Skoch.
- From 2008 to 2012 - General Director of Telecominvest, which owns Usmanov’s telecommunications assets.
- Since 2012, he has held the position of CEO of Usmanov’s company USM Advisors.
6. Vladislav Soloviev
Position: General Director of UC Rusal
Age: 43 years
Reward Evaluation: $7.4 million
- Born on May 14, 1973. Graduated from the Higher School of Management of the State Academy of Management.
- From 2000 to 2008 Headed the accounting department and served as Deputy General Director for Finance at Rusal.
- From 2008 to 2010 - General Director of En. From 2010 to 2014 served as first deputy director of UC Rusal.
- Since 2014, he has held the position of General Director of UC Rusal.
7. Mikhail Shamolin
Position: President of AFK Sistema
Age: 46 years
Reward Evaluation: $7.4 million
- Shamolin was born in 1970. In 1992 he graduated from the Moscow Automobile and Highway Institute (MADI)
- In 1993 - Russian Academy of Public Administration under the President of the Russian Federation.
- In 1996-1997 completed the executive training program at Wharton Business School in the field of finance and management.
- Since 2011, he has held the position of President of AFK Sistema.
8. Mikhail Zadornov
Position: President - Chairman of the Board of VTB24
Age: 53 years
Reward Evaluation: $6.5 million
- Zadornov was born on May 4, 1963 in Moscow.
- From 2000 to 2005 was a deputy of the State Duma.
- Since July 2005 - President - Chairman of the Board of VTB24.
9. Andrey Akimov
Position: Chairman of the Board of Gazprombank
Age: 63 years
Reward Evaluation: $6.3 million
- Akimov graduated from the Faculty of International Economics of the Moscow Financial Academy (MFA) with a degree in international economics, finance and banking.
- From 1991 to 2002 at Investment Management & Advisory Group GmbH (Austria) he held the position of managing director, full-time advisor to the chairman of the board of Vneshtorgbank.
- Since November 2002, he has held the position of Chairman of the Board of Gazprombank.
10. Ruben Aganbegyan
Position: Chairman of the Board, General Director of Otkritie Holding OJSC
Age: 44 years
Reward Evaluation: $6 million
- Aganbegyan was born on February 14, 1972 in Novosibirsk.
- From 2003 to 2010 served as head of the Russian branch of Renaissance Capital Investment Company.
- From 2010 to 2012 headed the Moscow Exchange.
- Since 2012, he has held the position of Chairman of the Board and General Director of Otkritie Holding OJSC.
- Owns 7.96% of shares of Otkritie Holding OJSC. The price of the package is $267 million, as of October 20, 2016.
11. Jean-Yves Charlier
Position: General Director of Vimpelcom Ltd
Age: 52 years
Reward Evaluation: $5.7 million
12. Maxim Sokov
Position: General Director of En+
Age: 37 years
Reward Evaluation: $5 million
13. Alexey Marey
Position: Chief Managing Director of Alfa-Bank
Age: 39 years
Reward Evaluation: $4.5 million
14. Gulzhan Moldazhanova
Position: General Director of Basic Element
Age: 50 years
Reward Evaluation: $4 million
15. Alexander Dyukov
Job title :
General Director of Gazprom Neft
Age: 48 years
Reward Evaluation: $3.8 million
16. Nail Maganov
Position: General Director of Tatneft
Age: 58 years
Reward Evaluation: $3.6 million
17. Pavel Grachev
Position: General Director of PJSC Polyus
Age: 43 years
Reward Evaluation: $3.5 million
18. Boris Kovalchuk
Position: Chairman of the Board of Inter RAO
Age: 38 years
Reward Evaluation: $3.5 million
19. Andrey Varichev
Position: General Director of Management Company "Metalloinvest"
Age: 48 years
Reward Evaluation: $3.4 million
20. Alexey Moskov
Position: Chairman of the Board of Renova Group of Companies
Age: 45 years
Reward Evaluation: $3 million
21. Nikolay Tokarev
Position: Chairman of the Board of Sibur Holding
Age: 46 years
Reward Evaluation: $2.6 million
Out of rating. Andrey Kostin
Position: President - Chairman of the Board of VTB Bank
Age: 60 years
President and Chairman of the Board of VTB Andrei Kostin was left out of the rating: Forbes did not name the amount of his remuneration, explaining that the VTB Group did not provide data on the key managers to whom the total remuneration for 2015 in the amount of 6.1 billion rubles is distributed. A year earlier, Forbes estimated Kostin’s total compensation at $21 million, the state banker was in second place.
In February, state-owned companies traditionally publish reports for the final quarter of the previous year, which contain information on management earnings. At the end of 2016, the total amount of payments to the Gazprom board decreased by 9.4% - for the first time since 2012. Rosneft reduced the salaries of board members by 16%, although due to bonuses the total amount of payments remained virtually unchanged.
What is officially known
Using the example of five state-owned companies from different industries, we can track how payment amounts have changed.
The total annual income consists of wages, bonuses, commissions, remuneration for participation in the work of the management body and other types of remuneration. At Gazprom, the majority of income comes from salaries (1.2 billion rubles in 2016), at Sberbank, Rosneft and Russian Railways - bonuses (2.9 billion rubles, 2 billion rubles and 1.6 billion rubles). respectively). Aeroflot does not disclose details. Moreover, the average annual income of a board member exceeds the average annual income of an ordinary employee by 50–300 times.
The exact amounts of executive earnings are usually not disclosed. In May 2015, Rosneft published the “Standard on payments and compensation to top managers”, for the first time revealing the mechanism for calculating salaries and bonuses to its management. It follows from the document that the salary of Rosneft President Igor Sechin is 15–20 million rubles. per month, that is, up to 240 million rubles. in year. The remaining top managers receive from 10–50% of the president’s salary. In addition, the president is entitled to an annual bonus of 150% of his salary and other payments.
What unofficial data is there?
Since 2012 its ranking of the 25 most expensive top managers published annually by Forbes. The top positions in it are traditionally occupied by the heads of state-owned companies (Gazprom, Rosneft, VTB).
How much do other senior executives earn?
Top managers' salaries quite comparable to the income of some federal officials. The annual income of the richest member of the government - Minister for Open Government Affairs Mikhail Abyzov - in 2015 amounted to 455.6 million rubles. Deputy Prime Minister and Plenipotentiary Representative of the President of the Far Eastern Federal District Yuri Trutnev earned 153.8 million rubles, Minister of Industry and Trade Denis Manturov - 144.7 million rubles.
According to a study by Equilar, the average annual earnings of top managers of the 100 largest US companies at the end of 2015 reached $14.5 million (883 million rubles in terms of the average annual dollar exchange rate in 2015).
The biggest scandals surrounding the earnings of top managers
In 2014, the head of Rosneft Igor Sechin filed a lawsuit against Forbes magazine, which estimated his income in 2012 at $50 million. The Savelovsky Court of Moscow sided with Mr. Sechin, obliging the magazine to refute this information as untrue.
In August 2014, the head of JSC Russian Railways Vladimir Yakunin stated in his blog that he is not obliged to publish information about his income, noting that as the head of a state-owned company, he submits “data on his income to the tax office and the government.” He added that the publication “carries a certain threat” to members of his family. In January 2015, the head of Russian Railways stated that he agreed to obey the relevant government order. Later he reported that his salary was 4 million rubles. per month. His successor Oleg Belozerov officially disclosed his annual income.
In November 2016, the Prosecutor General’s Office stated that the bonus of the head of Russian Post, Dmitry Strashnov, based on the results of 2014 (95.4 million rubles) was accrued illegally and should have amounted to no more than 3.2 million rubles. Materials on the initiation of a case of abuse of power were sent to the RF IC. The Ministry of Telecom and Mass Communications spoke in defense of Mr. Strashnov, saying that the reward was justified. According to the press service of Russian Post, from the beginning of 2016 to the present, Dmitry Strashnov’s salary is 307 thousand rubles. per month without extra charge for access to information constituting state. secret (50% of the monthly salary), as well as payment for business trips and vacation pay. No annual bonuses were paid at the end of 2015 and 2016.
In 2016, the annual publication of the Forbes salary ranking of top managers was published without indicating the amount of remuneration for VTB President Andrei Kostin. This was explained by the fact that “the VTB Group, until the publication of the material, did not provide data on the key management employees to whom the total remuneration is distributed.” As the Vedomosti newspaper wrote, journalists suspected the owner of the ACMG group, which publishes the Russian version of the magazine, Alexander Fedotov, of interfering in editorial policy. In January, the magazine’s editor-in-chief Nikolai Uskov called the refusal to publish the salary of the head of VTB “his personal decision.”
How do experts explain the decline in income?
Igor Polyakov, leading expert at the Center for Macroeconomic Analysis and Short-Term Forecasting (CMAP): “This may be due to the desire to maintain a certain competitiveness, because the payroll of top managers hangs a significant burden on the company’s expenses. Second, and this is related to international rather than domestic activity - after a decision is made to reduce production quotas, companies can predict a decrease or stabilization of some revenues. Third, the analysis shows a high level of stratification in terms of wages in companies with state participation. Last year, the State Duma even raised the issue of limiting salaries and severance pay, the so-called “golden parachutes.”
Vladislav Zhukovsky, economist, member of the presidium of the Stolypin Club:“The first and most important thing you need to know about the salaries of top managers of state-owned companies: tales that they are forced to pay record salaries and bonuses, which amount to billions of rubles annually, supposedly so that they do not go to the private sector or foreign companies. This point of view is in some way a manipulation of public opinion. Nobody needs officials who have become state managers abroad - there has not been a single precedent. Secondly, you need to understand that our wages, salaries and bonuses for top managers are not tied to the efficiency of labor productivity in the company. For example, Gazprom’s net profit has fallen significantly, revenue is declining, but board members still receive record amounts. And the formal slight decrease in wages is due to the fact that money in the economy has become very tight and public opinion is pressing, so we decided to put a good face on a bad game, let off steam and defuse the situation.”
Mikhail Zhukov, CEO of HeadHunter: “Top managers are definitely not in danger, because taking into account bonus payments, vacation pay and travel allowances, their income has definitely not fallen. It’s difficult to say what it will be like next year, but at least this year the reduction in wages will not affect their total income. It is quite possible that such actions by company management are a purely demonstrative decision, a reaction to press reports about the income levels of top managers, which clearly irritated the Russian population, which receives much less.”
Olga Dorokhina, Evgeniy Kozichev, Mikhail Malaev, Olga Shkurenko
The salaries of top managers of the largest state-owned companies in Russia are usually not disclosed. Previously, the public had to rely only on investigations by journalists and data received from high-ranking officials, which was extremely rare.
According to the decree of the Prime Minister of the Russian Federation D. Medvedev, all directors of state corporations are required to open public access to information about income. However, after some time, companies with OJSC status were declared commercial. As a result, it turned out that the top managers of these companies are not employees of a government agency, but ordinary entrepreneurs, and the requirement to disclose their earnings falls under “violation of trade secrets.”
The population, naturally, was outraged by this turn of events. But a compromise was found: managers of companies that include private shareholders must submit a report only to the government. But despite this, some officials decided to make their declarations public, and for many other top managers there is enough information from journalists’ investigations to formulate a general picture of their income.
The annual bonus of the head of a state-owned company in Russia is assigned in the amount of up to 150% of the annual salary.
Often, the salary and bonus remuneration for the head of a state-owned company is determined not by the state, as is commonly believed, but by a decision of the Board of Directors. The amounts that will be paid to top managers usually depend on the main management. To the total salary, additional payment is assigned for participation in management, business trips, compensation for renting living quarters, money for training, etc. To this are added annual bonuses, rewards for the implementation of important projects, as well as on the occasion of awards from the state or department. Also, compulsory pension insurance, lifelong free treatment (including for the family), a payment that is equivalent to six months’ salary in the event of dismissal.
Naturally, it’s a shame that all this applies to state-owned companies operating in the field of oil and gas, and not to the entrepreneurs who created and implemented one of the new developments. The statistics of Russian monthly salaries in oil and gas companies are as follows:
- well driller – 45,000;
- installation operator – 55000;
- chief technologist – 65,000;
- geophysicist – 68,000;
- geologist – 80,000;
- drilling engineer – 120-150 thousand rubles.
Salaries are very impressive for the scale of the country; even the smallest salary is much higher than the average salary in Russia. Employees working in the oil and gas field are second only to bank employees in terms of income. But we must not forget that this work is carried out on the outskirts of the country, in most cases in the Far North, where the cost of products is much higher than in the places inhabited by people.
And in order to receive the salary of the management team, it is necessary to overcome a colossal distance. The average salary of a director of a company is about 600,000 rubles, and the salary of a member of the Board of Directors is 1.17 million rubles. (this is monthly, not annual salary).
If we compare the salaries of Russian oil workers with their foreign colleagues, it turns out that in the first case the salary in this area is 150 thousand rubles, which is about 2.6 thousand dollars. How is it happening in the West? The world leaders in terms of average wages among oil sector employees are:
- Australia – 14 thousand
- Norway - 13-13.5.
- New Zealand – 11 thousand
- The Netherlands, Canada and the USA – 10 thousand each.
Typically in other countries the salary level is much higher than the national average salary. It is necessary to take into account not only the size of wages, but also the volume of extraction and processing of raw materials, as well as the amount of profit. For example, the Russian state corporation Gazprom Neft produces 79.7 million tons of raw materials during the year, processes more than 43.1 million tons per year, and the profit for this period is 110 billion rubles (1.8 billion).
It was not possible to find out exact information on the salaries of top managers of Gazpromneft, but if we focus on the salaries of top managers of the main company in Gazprom, then it was approximately 312 million rubles, which is 5 million dollars per year, or 420 thousand .dollars every month.
The average salary of ordinary employees was given above, amounting to 45-80 thousand rubles, which corresponds to 700 - 1,300 dollars. On the territory of Kazakhstan, there is a similar state-owned company - KazMunayGas - with an average salary of an underground well repair operator of 2.1 thousand.
Engineering and technical personnel receive an even higher salary, with the volume of extracted raw materials amounting to 23 million tons per year and the company’s profit of 92 million rubles.
Heads of oil companies in Azerbaijan have salaries of up to 200 thousand dollars a month, in Iran - less.
Upon closer examination, in Azerbaijan, as in Russia, the export of gas and oil is one of the main sources of budget formation. The state-owned company SOCAR dominates the territory of Azerbaijan, and many people dream of working for it. But, despite the company’s scope of activity, its salaries are far from astronomical. Office employees, translated into rubles, earn up to 5 thousand. People who have to work on drilling rigs in the open sea earn up to 45 thousand.
Almost all top managers of this company belong to the category of “our own”, and, in addition to the basic salary, receive additional income “in an envelope”. According to unofficial data, all top managers and vice presidents of the company receive about 200 thousand dollars every month. By general standards this is quite modest. Salaries of top managers in Russia, according to the Forbes rating:
- I. Sechin, chief executive of Rosneft - $50 million.
- A. Kostin, director of VTB – 37 million.
- A. Miller, Chairman of the Board of Gazprom - 25 million.
- G. Gref, Chairman of the Board of Sberbank - 18 million.
- V. Yakunin, President of the Russian Railways Society - about 15 million.
Their foreign colleagues receive on average approximately the following amounts:
- Brian Roberts, head of telecommunications company Comcast - 31.4 million.
- Jeffrey Beukes, head of Time Warner - 32.5 million.
- David Zaslav, head of Discovery Communications – 33.3 million.
- Robert Iger, director of the Walt Disney company - 34.3 million.
- Philippe Dauman, top manager at Viacom – 37.2 million.
As can be seen from the data provided, Russian top managers are significantly inferior in salaries to their Western colleagues. However, at the same time they provide their companies with the same profits as American companies. But the responsibility of Russian leaders is much greater and more serious. In most cases, the staff in domestic companies is several times higher than in the West, but the field of activity is dangerous and strategically important. This is not one of the many channels, but banks, railways, industry and energy, etc.
Rosneft Vice President Larisa Kalanda is leaving the company due to the end of her contract and personal circumstances. According to RBC, the reason for leaving was disagreements with Rosneft President Igor Sechin
Vice President of Rosneft Larisa Kalanda (Photo: PhotoXPress)
Rosneft Vice President Larisa Kalanda is leaving the company, Rosneft announced. The press release states that Kalanda's contract has expired and will not be renewed due to the personal circumstances of the top manager.
Several Rosneft employees and an acquaintance of Kalanda told RBC the day before that Kalanda was leaving the company. One source reports that employees of the company's central office were notified of Kalanda's departure yesterday, without explaining the reasons.
Kalanda has worked for Rosneft since 2006, and before that she was a top manager at TNK and TNK-BP for nine years. At Rosneft from 2006 to 2012, she served as vice president for legal issues and protection of the company’s assets. In 2012, when Sechin headed Rosneft, Kalanda was included in the company’s board and appointed vice president for government relations. Since July 2015, she has also headed the company’s staff.
Kalanda was a key manager of the company. A former federal official says that without her, Sechin did not make a single important decision and entrusted her with solving the most important issues. “For example, in 2012-2013, Kalanda was involved in coordinating with government agencies the terms of Rosneft’s purchase of TNK-BP assets and BP’s purchase of a 5.66% stake in Rosneft,” recalls RBC’s interlocutor.
Since June 2007, Kalanda has been the acting general director of Rosneftegaz, whose board of directors is headed by Sechin. Rosneftegaz owns 69.5% of Rosneft and almost 11% of Gazprom. In 2012, Rosneftegaz received, by order of Putin, the right to invest in the electric power industry. The company already bought back in 2014 for 18.8 billion rubles. 13.76% of Inter RAO shares from the Federal Property Management Agency and plans to buy out the additional issue of RusHydro for 55 billion rubles.
Video: RBC TV channel
Two RBC sources claim that the reason for Kalanda’s departure is disagreements with Sechin, but do not explain the details. Kalanda did not leave, she was fired - two interlocutors of RBC are categorical.
Rosneft press secretary Mikhail Leontyev told RBC that Kalanda was only leaving Rosneft, but would continue to work for Rosneftegaz. “At the moment, she remains at Rosneftegaz; we will inform about further personnel decisions later,” Leontyev clarified.
And about. Mikhail Grafinin, who was recently deputy chief of staff and previously headed the Rosneft representative office in Venezuela, was appointed chief of staff. Two sources in the company and another interlocutor, who learned this from an acquaintance at Rosneft, told RBC about this. Leontyev does not comment on this.
An acquaintance of Kalanda says that she had already tried to resign several times, but because of the breadth of her powers, Sechin insisted that she stay. Disagreements with her could be due to her greater independence compared to many other company managers, he believes. Last summer it became known that another top manager from Rosneft, Rashid Sharipov, also close to Sechin. At the time of his resignation, he served as Sechin’s chief of staff (Kalanda had just replaced him in the acting position). The reasons for his departure were not disclosed, but the Vedomosti newspaper wrote that this may be due to the excessive workload of the top manager: he is alone He was one of the few who came to all boards of directors prepared, kept all the information on transactions and finances in his head, worked constantly at such a rhythm, so “he could easily get tired.” In April, another top manager was leaving Rosneft - Vice President for Economics and Finance Svyatoslav Slavinsky, whose three-year contract had expired. This contract was also not renewed.
Kalanda owns 2.17 million shares of Rosneft (0.0205% of the authorized capital). On Thursday, this stake on the Moscow Exchange was worth 707.25 million rubles.
Kalanda’s husband is the first deputy director of the Federal Drug Control Service (FSKN) Vladimir Kalanda. In 2014, he earned 4 million rubles, as follows from the declaration posted on the Federal Drug Control Service website. His wife indicated an income of 334.5 million rubles. The declaration was not published for 2015. In April, President Vladimir Putin announced the liquidation of the Federal Drug Control Service as an independent structure. Together with the FMS, the service became part of the Ministry of Internal Affairs.
With the participation of Ilya Rozhdestvensky
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