Dax and MDax: These are the best incomes in executive floors

Dax bosses' salaries rose an average of 4.5% last year, according to the annual price of the German Association for Securities Protection (DSW). Thus, executive salaries increase more than the gross wages of ordinary employees in Germany. These results only increased by 2.5%.

This result is also reflected in what is called the distribution of salaries and wages of executives of Dax companies: in 2017, the members of the Management Board earned on average 52 times their employees, the previous year , it was still 50 times

The leader in compensation is, as in the previous year, the most valuable German SAP company. Each member of the Management Board earns an average of 5.7 million euros. The average of all German members of the board of directors of Dax was 3.6 million euros

Surprisingly, the boards of directors of the three German automakers occupy the second, the third and fourth place in the salary rankings. And this, even though the industry is currently struggling with scandals.

The higher cash flow of Dax directors is due to the fact that German companies have mbadively increased their profits. last year. As in the previous year, they increased by about a quarter from 119 billion euros to 148 billion euros.

Overall, the two largest German stock indexes, Dax and MDax, have three general managers exceeding the ten million mark. On the one hand, it is the CEO of SAP, Bill McDermott, who, like last year, is at the top of the rankings. The executive committee of Matthias Müller, former boss of Volkswagen, also received more than ten million euros, which allowed him, as last year, to occupy the second place of the Dax . Even Oliver Samwer, director of the Internet startup Rocket, has managed to break the ten million mark

The largest increase in compensation was observed among the authors of the study of Lufthansa. There, wages increased by more than 40 percent compared to the previous year.

The DSW criticized these figures for the fact that pension plans are often too adequate for administrators. "It's basically the question of whether board members should not organize their retirement," wrote the study's authors. This question should be answered with "yes". The one-sided burden on businesses through intransparent and extensive retirement commitments no longer belongs to the repertoire of modern pay systems.

In international comparison, German CEOs only get moderate salaries. Their average total compensation of 5.8 million euros is higher than that of their French colleagues (4.9 million euros) but lower than the salaries of Swiss executives (5.9 million euros). ). In the United States, the average compensation of the bosses at 16.7 million euros is still almost three times higher than in Germany.