Shame of Dax Leaders Increased in 2023 - VW-CEO Breaks 'Sound Barrier'
Volkswagen CEO Oliver Blume broke the "sound barrier" of ten million Euros, according to DSW. He earned a total of 10.3 million Euros last year, including his salary as Porsche CEO and ranked first in the study. Bjoern Gulden from Adidas came in second place with 9.2 million Euros. Christian Sewing from Deutsche Bank received 9.0 million Euros.
The personnel expenses per employee exceeded the board compensation by a factor of 40. In 2022, it was at 39. For the study, DSW worked with the Technical University of Munich.
According to the study, the members of the board at pharmaceutical company Merck received the most, with a total of 6.7 million Euros. The members of the board at Deutsche Bank followed with 6.6 million Euros. The lowest remunerations were paid by pharmaceutical supplier Sartorius, with 1.3 million Euros.
- The "compensation" of Volkswagen's CEO, Oliver Blume, surpassed the 10 million Euro mark, as reported by DSW.
- The study conducted by DSW and the Technical University of Munich considered the total earnings, including salary and other benefits, to determine the compensation.
- The Dax-Boardmembers from Dax-Compaines, such as Volkswagen and Deutsche Bank, are subjects of interest in the study.
- The "sounding wall" between the personnel expenses and board compensation was significantly breached by Volkswagen, with a ratio of 40 to 1.
- Björn Gulden, the CEO of DSW, ranked third in the study, earning a total of 9.2 million Euros.
- The "Board remuneration" at Volkswagen, led by CEO Oliver Blume, is a topic of discussion in light of the high compensation figures.
- In 2023, we may see a shift in the rankings of highest-paid CEOs, with Oliver Blume currently serving as the VW-CEO and Volkswagen having a significant impact.
