Germany, collapsing wages The number one top manager of Volkswagen, Martin Winterkorn, was in 2008, the top highest-paid manager of Germany, however, in these times of crisis, the ranking of the salaries at the top of the main groups of ' stock index Dax stands for more drastic cuts to increases staggering.
The list of salaries, published today by Financial Times Deutschland (FTD), is clear: with a manager as the CEO of Deutsche Bank, Josef Ackermann, who have renounced the bonus as a sign of solidarity with their employees and the industry Last year, the remuneration of directors of the Dax-30 fell by an average of 26% compared to 2007.
Winterkorn, who also recorded the highest increase, earned 12.71 million euro, almost 150% more than last year. But this is an exception. For many, from Ackermann, the levels of past years are a thing far and, judging from the economic forecasts, it will remain for some time. If the salary of
Winterkorn took a leap forward as much as 147%, in fact, that of a number of Deutsche Bank fell 91%, precisely because without the bonus, to 1.39 million €. The company makes the CEO of Daimler, Dieter Zetsche, with a -55% to 5.03 million Euros and the chairman of BMW, Norbert Reithofer, with a fall of 40% to 2.26 million €.
Winterkorn, however, is not alone. The salary of a number of Deutsche Telekom, Rene Obermann, has increased by 21% to 3.21 million euro, while those of top executives of Lufthansa and ThyssenKrupp - respectively Wolfgang Mayrhuber and Ekkehard Schulz - were up 8% at both 2.91 and 6.35 million €.
Even at the level of the Management Board, Volkswagen is the first in the list, with a total compensation of € 45.38 million of the 175% increase over 2007. Followed by Siemens with the 57.92 million (+39%) and then the ThyssenKrupp, with 33.12 million (-9%). The board as' poor and, once again, to Deutsche Bank, with 4.47 million euro, a decrease of 87% salaries of the mountain. March 25, 2009
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