Due to the current economic crisis, in 2009, BBVA’s Presidency and Board of Directors decided to freeze its economic remuneration. However, the awards of Francisco González, FG, president and general counsel Ángel Cano are still very high. Thus, in 2010 the FG will receive almost two million euros in fixed salary (as in 2009) and another 3.4 million euros through a variable bond. According to the official report of the entity, in 2009 the FG received a fixed prize of 1.92 million euros and a variable prize of 3.80 million euros. On the other hand, Cano will receive a fixed salary of 1.25 million euros this year and almost another two million euros through variable bonds.

FG should have already retired, but found a way to stay ahead of BBVA. In 2009, when he turned 65, he confirmed his entitlement to a retirement pension of €80 million (79.7). Since you postponed your retirement, you will only receive this amount when you leave your executive functions.

In addition, the 13 members of BBVA’s board of directors received a total of €24 million (24,157) in 2009 for various items. We highlight the total remuneration of the two Basque consultants who are members of this council: The president of the Chamber of Commerce of Vitoria-Gasteiz, Roman Knor, received 295,476 euros, while the Dean of Commerce of Deusto, Susana Rodríguez, received 242,964 euros. In addition, they received 19,503 and 13,596 shares, respectively.