These are the best incomes in the Dax

5.8 million euros were earned on average by the CEO of a Dax group. As one study shows, the salaries of German executives have increased further. In addition, the gap between the salaries of directors and employees has again diverged.

study

of Rolf Obertreis

Frankfurt – That CEO of SAP Bill McDermott and former CEO of VW Matthias Müller, the list of the highest-paid CEOs of 80 The largest German companies listed last year are not a surprise. On the other hand, it's amazing that Olivier Samwer, the manager of the still-rocket internet company Rocket Internet, also received a double-digit amount, making him the second-highest-paid CEO. The analysis of the German Securities Protection Association (DSW) Samwer amounted to 10.5 million euros. McDermott received 12.9 and Müller 10.1 million. Samwer profits, as reported Thursday in Frankfurt the general manager of DSW, Marc Tüngler, of a significant increase in its share premium of nearly 8.4 million. euros. […] However, Rocket Internet contradicts the vast majority of companies Management salaries are not paid individually. The DSW strongly criticizes this "secret". She calculated the salary from the total compensation of the Rocket Internet Board to three members, which increased in 2017 from 5.7 to 20.3 million euros. Although the company significantly reduced its loss, it posted a net profit of six million euros.

In general, the DSW considers that the increase in the salaries of the leaders of the 30 largest companies is 4.5%. total operating income in 2017 increased from 119 to 148 billion euros. On average, the board of directors received 3.6 million euros, the CEO amounted to 5.8 million, but the gap between the salaries of senior executives and the wages of the respective employees (measured by average expenditure per capita) separately. "In 2017, the boards of directors of Dax 30 companies earned 52 times their employees.The previous year, it was still 50 times," says Professor Gunther Friedl of the University from Munich, who worked on the study with the DSW

.The most flagrant relationship at VW: there, a board gains 88 times plus an employee, the value of Deutsche Post is 85 and Fresenius of 80 Commerzbank and Deutsche Bank are at the bottom of the scale, where a board of directors has earned about 25 times more than employees on average.The gap has increased over the last year, that is, gross wages and salaries increased on average by only 2.5% compared to the 4.5% rise in senior management salaries.

Considering Dax and MDax, is ranked fourth among the big winners last year, the boss of BMW Harald Krüger with 8.4 million av ance on Dieter Zetsche, CEO of Daimler, with 7.8 million euros, and Matthias Döpfner, CEO of Axel Springer. Martin Zielke of Commerzbank (2.9 million) and Reinhard Ploss of Infineon (2.6 million) ranked at the bottom of the 30 DAX companies. For the 50 companies in the second row, Claudio Albrecht of pharmaceutical manufacturer Stada had to settle for 390,000 euros. For Christian Fischer of the pharmaceutical supplier Gerresheimer, it was 450,000 euros. The strongest increase was recorded at Lufthansa with 42%, the board of directors of BASF, Continental and VW were able to benefit from a more than 20%.

A nuisance for the DSW, according to Tüngler, "often too adequate" Pension regulations for administrators. In addition, there is a lack of transparency. "In principle, boards must and must organize their own pension plans." The unilateral burden on businesses through uncompromising and extensive retirement commitments no longer belongs to the repertoire of modern pay systems. . Unlike "normal" employees, board members usually pay a dime for their retirement.

According to DSW's calculations, Daimler's CEO, Zetsche, must be the least worried about his old age. He can expect an annual pension of just under 2.8 million euros and a 60 year old pension. BASF's boss, Kurt Bock, comes – also at the age of 60 – almost 1.2 million euros in retirement. It's similar with Bernd Scheifele from Heidelberg Cement. He has to work until he is 62 years old. In contrast, at SAP CEO McDermott only 90,000 euros a year at the age of 65 years entry. Kasper Rorsted, the boss of Adidas, 65, earns "only" 136,000 euros.

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