A bill which “assaults” the economy. Discussed since February 2009, the bill on managers’ income in Germany is about to go into Parliament. Because of the economic crisis and coming elections, this issue is rather delicate and the law should be adopted before the summer break, not after the elections in September. Some provisions, still under discussion between the two parties of the coalition, should be “adjusted” this week. Others are already final. Here are the points leading to consensus within the coalition:
lete folly” vituperates Gerd Krick, chairman of the board at Fresenius, German health giant (services and materials). Mr. Krick signed the letter sent to Angela Merkel last week by twelve board chairmen who want to block some of the measures of the bill on managers’ pay.* While recognizing that there have been a few “slips” these past few years, Mr. Krick says they were exceptions. “However, if, as the Federal Government suggests, bonuses are only paid after several years, the fixed part of man
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