Earnings of DAX managing board members decrease

Research news - Last year, the managing board members of DAX-listed companies saw their pay go down slightly for the first time since 2012, while the salaries of German employees increased. This was the finding of the annual study conducted by the association for private investors DSW and the Technical University of Munich (TUM), presented in Frankfurt today. Bucking the trend observed in previous years, companies were also more inclined to link pay to share price performance and thus to the long-term success of the company. In 2015, the managing board members of companies listed on the German stock index DAX earned EUR 3.34 million on average, which represented a 1.8-percent decrease on the previous year. The gross wages earned by employees in Germany rose by 4 percent in the same period. On average, DAX board members earned 50 times more than DAX company employees. By comparison, this figure was 54 in 2014.
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