Home Reports VW VW CEO Almost Doubles his Pay to $23 Million in 2011 after the Group Sets Record Sales and Profits

VW CEO Almost Doubles his Pay to $23 Million in 2011 after the Group Sets Record Sales and Profits

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Saying that 2011 has been a very good year for the VW Group would be an understatement of huge proportions. Almost as huge as the 8.36 million sales the German group recorded in its best-ever year.

Naturally, the man running the show should get a handsome award for this success, which brought its company to second place overall in worldwide sales.

According to VW's annual report, VW Group CEO Martin Winterkorn earned €17.5 million (US$23 million) in salary, bonuses and profit incentives. That’s almost double the €9.3 million (US$12.2 million) he got in 2010, and according to Reuters, the higher payment for a CEO of any German company listed on the DAX index.

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VW CEO Almost Doubles his Pay to $23 Million in 2011 after the Group Sets Record Sales and Profits VW CEO Almost Doubles his Pay to $23 Million in 2011 after the Group Sets Record Sales and Profits Reviewed by Unknown on 15:52:00 Rating: 5

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