Unilever CEO Paul Polman earns 292 times more than the average employee working at the consumer goods company, according to Het Financieele Dagblad.
After receiving a 39% pay rise last year, Polman's total salary reached €11.7 million in 2017.
The Financial Times reported that this was the highest amount paid to the chief executive since he assumed the role nine years ago, boosted in part by a stronger share price after rejecting a $143 billion takeover bid from US food giant Kraft Heinz.