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In MDax's medium-sized businesses, CEOs received an average of 2.8 million euros, about the same level as the year before. Significant losses of a good 20 percent had to accept the claims of the drivers of the TechDax 30 companies. They earned an average of just under 1.9 million euros. CEOs of SDax companies rose to 1.2 million – in 2016, they were just under 1.4 million euros.
The positive business trend in the majority of companies does not automatically result in significant salary increases among senior executives, says EY. Apparently, companies had set ambitious goals, which could not always be achieved by the top of the company.
EY examined total direct compensation. It is the fixed annual salary of the boards of directors and variable elements related to the achievement of certain economic objectives.
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