While a virulent debate has opened in Germany on the appearance of a new "proletariat", the salaries of DAX 30 companies' top managers have increased by 11% on average between 2004 and 2005. According to a study published on October 16th 2006, by the German association of defense of shareholders (DSW), German top-managers are among the best paid in Europe. (Ref 061030)
On average, the members of the boards of directors of DAX 30 firms earned 1.7 million euros in 2005, that is to say 11% more than in 2004. The presidents of the boards of directors, as far as they are concerned, received 3 million euros on average, also up 11 %. These figures don’t include stock options and special bonuses.
Better than British and Dutch leaders. « The members of the German boards of directors are thus in the upper part of the European scale », said DSW manager Ulrich Hocker duri
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