Comparative study by TUM and DSW for 2021
DAX Managing Board members enjoy 24 percent income hike
The study put the average annual compensation of Managing Board members at 3.9 million euros or 53 times the average earnings of their employees. Average income had dropped for Managing Board members in the three consecutive previous years.
Heading the list of top earners is Linde with an average compensation of 8.8 million euros. Second place went to Qiagen and third place to Deutsche Bank. The three companies with the sharpest increase in compensation were Adidas, Covestro and MTU, where compensation increased by as much as 190 percent compared to last year. The most substantial drop was determined for Managing Board members of Delivery Hero, at minus 11 percent.
Prof. Dr. Gunther Friedl
Dean of the TUM School of Management
TUM - Technical University of Munich
Professorship for Management Accounting
Tel: +49 89 289 25800
gunther.friedl@tum.de
Technical University of Munich
- Ulrich Meyer
Contacts to this article:
Prof. Dr. Gunther Friedl
Dekan der TUM School of Management
TUM - Technische Universität München
Lehrstuhl für Controlling
Tel: +49 89 289 25800
gunther.friedl@tum.de
