VW is in the process of finalising its annual 2015 accounts. During the course of this week, it is expected to release the compensation for the Management Board. Although the group’s net earnings, or the loss, for that matter, for last year are not (yet) known, indications suggest that managers will only suffer a ‘mild’ bonus cut of 30%. VW’s managers get a fixed salary plus a one-year variable remuneration plus a business performance bonus based on the company’s
18 Apr 2016
VW’s problems should lead to a 60% income cut for managers
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VW’s problems should lead to a 60% income cut for managers
VW is in the process of finalising its annual 2015 accounts. During the course of this week, it is expected to release the compensation for the Management Board. Although the group’s net earnings, or the loss, for that matter, for last year are not (yet) known, indications suggest that managers will only suffer a ‘mild’ bonus cut of 30%. VW’s managers get a fixed salary plus a one-year variable remuneration plus a business performance bonus based on the company’s