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CEO salaries get generous increases

After two years of tending downwards, salaries in 2014 are, by and large, back on an upswing. Calculations for the 24 Dax companies who present their salary tables and have stayed unchanged at the top, indicate an average salary increase of 12 percent, amounting to some 5.4 million Euros according to a report published by company consultants HKP Group. This new record amount corresponds to an average salary increase of roughly10 percent over 2013. Towers Watson stresses that, all told, rises in executives’ salaries are in line with improved result. Net income of Dax-listed companies grew from 2013 to 2014 by some 13.8 percent. Top of the heap is Martin Winterkorn, CEO of VOLKSWAGEN who according to the appropriate calculations earned 14.9 million Euros.