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Multi-million bonuses for German car bosses are not fair, says Merkel

Staff Writer | August 21, 2017
Multi-million euro bonuses to German car company executives are not fair given the sector's tarnished image after the emissions scandal, Chancellor Angela Merkel said.
Angela Merkel
Auto industry   "No I do not think this is fair."
"No I don't think this is fair. I don't know how the automotive industry is going to respond," Merkel told mass-selling Bild newspaper in an interview broadcast live online.

She added: "They have supervisory boards on which union representatives sit and I think there should be a more sensitive approach (to executive bonuses)".

Merkel said it was not up to politicians to cap executive pay and bonuses.


 

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