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ECB President Lagarde's pay is 50% higher than disclosed by the central bank
By Olaf Storbeck
Financial Times, London
Friday, January 2, 2026
European Central Bank president Christine Lagarde's full pay is more than 50% higher than her disclosed salary, according to a Financial Times analysis.
The head of Europe's monetary authority earned a total of about E726,000 in 2024, according to the FT's calculations, some 56% higher than the "basic" salary of €466,000 disclosed by the ECB in its annual report.
... Dispatch continues below ...
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This means Lagarde earns nearly four times more than the chair of the U.S. Federal Reserve, Jay Powell, whose salary is set by federal U.S. law and is currently capped at $203,000 (E172,720).
While Lagarde's full pay is modest compared to the chief executives of large EU companies, the analysis exposes how limited pay disclosure remains at the ECB.
The central bank is not subject to the same strict rules as listed companies in the bloc, which dictate they must give a "full and reliable picture of the remuneration" of each of their directors. ...
... For the remainder of the report:
https://www.ft.com/content/c7cd22f0-efe5-40de-a448-fa9075926a6a
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