Deutsche Post chief exec earns 1.7 million euros
Deutsche Post, the stockmarket-traded German mail carrier, disclosed for the first time Tuesday what its chief executive earns per year: 1.72 million euros (2.09 million dollars) plus stock options. The figure appeared in the 2003 financial report of the Bonn-based group who said it was going for maximum transparency, beyond what was required in the German corporate governance code. Half of group chief Klaus Zumwinkel’s pay was fixed and the rest was a performance-related bonus.
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