Remuneration reports evaluated
More salary for DAX board members – two over 10 million
Do the board members of a DAX group have to earn almost 100 times as much as their employees? According to a study, this is an outlier, but internationally top managers collect much more.
Despite the economic doldries, the salaries of the DAX board members rose last year. The managers, including the CEO, have received an average of three percent raised total remuneration of 3.76 million euros, as can be seen from an evaluation of the DSW investor protection association and the TU Munich. Pension commitments are not included in this value.
There are big differences in the ratio of the manager salaries to the average personnel costs of your employees. The board of directors of the sporting goods manufacturer Adidas deserves 95 times a normal employee. There are significantly fewer gradients, for example, at Sartorius (factor 18) or Siemens Energy (13). In the barely changed average, the board members received 41 times higher remuneration than the average employees.
Adidas boss Bjørn Gulden is only topped with a salary of a good 10.3 million euros by VW boss Oliver Blume, who also leads daughter Porsche AG and comes together in both jobs to 10.6 million euros. In an international comparison, however, the VW boss drives after. In the European stock index Euro Stoxx, he takes 5th place and has to make Michel Doukeris from the Brewing Giant from Inbev with 24.3 million euros earnings. This top European content in the US Dow-Jones index would still be below the average of 28.5 million euros. According to the line-up, Microsoft boss Satya Nadella has removed a remuneration of 73.1 million euros.
Long -term success brings the money
The board remuneration in the DAX is increasingly linked to long-term economic success, reports DSW general manager Marc Tüngler. Only almost 32 percent would be paid as a fixed content, 25.4 percent were due to short-term corporate goals and 42.7 percent in long-term successes. From the shareholders’ point of view, not only top executives in this form should participate in the company’s success.
The investigation also shows that women in the board at EUR 3.28 million earn an average of 24 percent less than their male colleagues (4.02 million). This is also due to the small proportion of female chairman in corporate management. But even without the bosses, the average salary difference in all DAX board members is still 12.2 percent.
dpa
Source: Stern
