Germany: managers saw their wages drop by 21% in 2008 following the crisis

Publication

8 September 2009 à 15h46

Updated on 9 September 2009 à 11h23

Reading time

3 minutes

Publication: 8 September 2009 à 15h46, Updated on 9 September 2009 à 11h23

Reading time: 3 minutes

Share
Copy link Share on LinkedIn Share on Bluesky Share on Facebook Share on WhatsApp
Add to reading list Remove from reading list
Publication

8 September 2009 à 15h46

Updated on 9 September 2009 à 11h23

Reading time

3 minutes

Publication: 8 September 2009 à 15h46, Updated on 9 September 2009 à 11h23

Reading time: 3 minutes

Share
Copy link Share on LinkedIn Share on Bluesky Share on Facebook Share on WhatsApp
Add to reading list Remove from reading list
Enjoy this article for free while you’re in your trial period
You have access to our content for 1 month.
Explore the mind HR subscription

he German small shareholders association (Deutsche Schutzvereinigung fur Wertpapierbesitz – DSW), published on September 3, shows that the remuneration of the managers of large businesses listed on the DAX dropped of 20.58% in 2008, under the influence of the global crisis. According to the DSW, it isn’t necessary to limit wages but businesses still have a lot to do to implement the new law on managers’ wages (VorstAG), enforced on August 5. (Ref. 090820)

Wages are “not excessive.” Taking a sta

…
Do you have information to share with us?
Contact us
What you absolutely must read this week
The essential content of the week selected by the editorial team.
See all
United Kingdom largely retained within scope of EWCs despite Brexit, study shows
A study published this month by the Institute for Economic and Social Research, the French trade union research organisation, examined how the involvement of British representatives in European...
7 November 2025
Spain: government approves creation of ‘intern status’
The Spanish government has paved the way for the creation of a new status for "persons undergoing non-professional practical training in companies, institutions or public or private organisations...
7 November 2025
Luxembourg: two pension reform bills submitted to parliament
After lengthy negotiations with the social partners, in mid-October the Luxembourg government submitted two bills to parliament aimed at reforming the pension system to ensure its long-term...
6 November 2025
Germany: pensioners in work already common practice, study shows
As the German government steps up measures to encourage people to stay in work beyond the legal retirement age, a new study by the Institute of Economic and Social Research (WSI) – an independent...
6 November 2025
Most viewed articles of the month on mind HR
What readers clicked on the most last month.
What readers clicked on the most last month.
1
Germany: pensioners in work already common practice, study shows
As the German government steps up measures to encourage people to stay in work beyond the legal retirement age, a new study by the Institute of Economic and Social Research (WSI) – an independent...
6 November 2025
2
Spain: government approves creation of ‘intern status’
The Spanish government has paved the way for the creation of a new status for "persons undergoing non-professional practical training in companies, institutions or public or private organisations...
7 November 2025
3
France: social conference on labour and pensions to proceed without main employers’ group
The preparatory meeting ahead of the social conference on labour and pensions, which is set to decide on the pension system model and the funding thereof, was held on 4 November at France's labour...
5 November 2025
4
Luxembourg: two pension reform bills submitted to parliament
After lengthy negotiations with the social partners, in mid-October the Luxembourg government submitted two bills to parliament aimed at reforming the pension system to ensure its long-term...
6 November 2025
5
Candice Guillot (Talan): “Our recruiters save just over 80 hours per year on administrative tasks thanks to AI”
Candice Guillot, group director of employee experience and HR performance at Talan (7,000 employees), outlines for mind RH her vision and strategy for introducing artificial intelligence at the...
20 October 2025