The CEOs of Linde, Volkswagen and SAP were the top earners in the Dax in 2021.
Dusseldorf The record year 2021 on the stock exchange has consequences. The board salaries of the 40 Dax companies rose sharply last year by 24 percent compared to the previous year. According to a recent study by the German Association for the Protection of Securities (DSW) and the Technical University of Munich, this is the first year with an increase after three consecutive years of decline.
The remuneration of the board members thus increased significantly less than the profits of their corporations, which more than doubled compared to the Corona crisis year. But they rose much faster than gross wages in Germany as a whole. In 2021, these grew by only 3.7 percent compared to the previous year, 2020.
The difference between the salaries of average employees on the one hand and members of the Management Board on the other also increased significantly. On average, board members earn 3.9 million euros, 53 times that of their employees, last year it was 47 times as much.
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