All Management Board members have agreed to a new compensation scheme. On one hand, the CEO’s maximum annual compensation is limited to €10m and that of the other Board members to €5.5m. This is, compared to what previous CEO Martin Winterkorn received, a considerable cut. However, the fixed basic salaries have been raised by 30% to €2.125m for the CEO and to €1.35m for the other members.
This increase is at odds with what management is willing to grant the company’s employees. We wonder how t ....
26 Feb 2017
Basic salaries for the Board to be raised by 30%
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Basic salaries for the Board to be raised by 30%
All Management Board members have agreed to a new compensation scheme. On one hand, the CEO’s maximum annual compensation is limited to €10m and that of the other Board members to €5.5m. This is, compared to what previous CEO Martin Winterkorn received, a considerable cut. However, the fixed basic salaries have been raised by 30% to €2.125m for the CEO and to €1.35m for the other members.
This increase is at odds with what management is willing to grant the company’s employees. We wonder how t ....