• Germany's news in English
 

SPD candidate earned €1.25 million on the side

Published: 30 Oct 2012 08:55 GMT+01:00

The chancellor candidate earned a total of €1.25 million from 89 speaking engagements since he left office as Merkel's finance minister in 2009, the Bild newspaper revealed ahead of Tuesday's announcement.

He earned an average of €14,065 per speech, the paper said, with fees for individual speeches ranging from €1,000 to €25,000. Adjusted for a 48.5 percent tax rate, that left him with an average of €7,314 per speech.

In some cases, Steinbrück also donated the fee to social projects, including the Catholic charity "Tafel Monheim", the family counselling service "Pro Familia", and a jazz museum.

Steinbrück also gave 237 unpaid speeches during that period, at schools, the SPD's political foundation Friedrich-Ebert-Stiftung, and in some charities.

These fees come on top of his salary as an MP in the Bundestag which amounts to €7,960 a month plus expenses. As a former state secretary, former minister in two different states, former state premier of North Rhine-Westphalia, and former federal finance minister, he is also entitled to a number of different pensions, amounting to around €1,800 a month, pension experts estimate.

The disclosure of his exact income comes after a row erupted in parliament over his earnings, and a debate about how much MPs should be allowed to earn on the side.

The government coalition recently announced a reform in the bracketing structure by which MPs' incomes are revealed, but fell short of imposing full disclosure.

The Local/bk

The Local (news@thelocal.de)

Your comments about this article

10:06 October 30, 2012 by lucksi
Good thing he doesn't have to say who bribed, erm sorry, sponsored, him with those lucrative speaking opportunities.

And sure, being on some boards of directors with several companies and getting paid 5 figure sums for speeches is not influencing any of our politicians. Who would ever dare to think that? Not me of course.
11:08 October 30, 2012 by raandy
He did pay taxes according to the article.He donated some earning to charity and 230+ free speeches and he appears to be transparent about what his income was.

Considering what top exces get paid ,his income from speeches is not that decadent.

Given the same opportunity to generate this kind of income, most would do the same.
11:40 October 30, 2012 by gorongoza
Compare this story with those of tax dodgers who sent their loot to Switzerland and the other little state.
16:31 October 30, 2012 by neunElf
A true champagne socialist!
Today's headlines
Robots woo crowds at Hannover trade fair
Photo: DPA

Robots woo crowds at Hannover trade fair

Collaborative robots and intelligent machinery may have wowed the crowds at this year's Hannover Messe, but experts see German industry as having some way to go towards incorporating them on factory floors in what could become the fourth industrial revolution. READ  

Thousands protest EU-US trade talks
Photo: DPA

Thousands protest EU-US trade talks

Thousands of protesters took to the streets in Europe on Saturday to oppose the world's biggest free trade pact between the US and European Union. READ  

EU-US trade talks prompt German ire
Photo: DPA

EU-US trade talks prompt German ire

In much of Europe any mention of TTIP might receive a blank stare, in Germany the proposed US-EU free trade pact is likely to prompt a volley of angry words. READ  

Auschwitz expert slams Nazi justice record
Photo: DPA

Auschwitz expert slams Nazi justice record

Oskar Gröning, 93, a former Nazi known as the "bookkeeper of Auschwitz", goes on trial in Germany on Tuesday in what could be the last Nazi war crimes trial while an expert calls the country's judicial record 'miserable'. READ  

Turkish Airlines: married pilots are safer pilots
Photo: DPA

Turkish Airlines: married pilots are safer pilots

The general manager of Turkish Airlines has urged single pilots to marry, after the Germanwings tragedy blamed on a pilot with psychological problems. READ  

Germany and Greece
'It hurts when Germans call Greece a failed state'
Thanasis Glavinas outside one of the German parliament's buildings. Photo: Private

'It hurts when Germans call Greece a failed state'

With the war of words – and cashflows – between Greece and Germany showing no sign of dying down, The Local meets one young Greek who's come to see what the Germans have to teach about running a country successfully. READ  

Interior Minister wants quicker deportations
'Loitz doesn't need any asylum seekers' reads the graffiti. Photo:DPA

Interior Minister wants quicker deportations

Interior Minister Thomas de Maizière called on Friday for state governments to speed up deportations of failed asylum applicants, in the latest round in a war of words between the federal government and the states. READ  

VW CEO survives despite departure rumours
Photo: DPA

VW CEO survives despite departure rumours

Volkswagen CEO Martin Winterkorn has dodged a broadside from company chairman Ferdinand Piech which many thought would unseat him from the troubled car maker. Instead, the steering committee has offered him an extension to his contract. READ  

Bayern doctor quits in spat with Guardiola
Tension on the touchline: Guardiola, Schweinsteiger and Müller-Wohlfahrt Photo: DPA

Bayern doctor quits in spat with Guardiola

The resignation of iconic club doctor Hans-Willhelm Müller-Wohlfahrt on Thursday evening threatens to unleash internal chaos at Bayern Munich after their Champions League humiliation at the hands of FC Porto. READ  

Deutsche Bahn flirts with drivers' strike deadline
An InterCity train in Hannover's main train station. Photo: DPA

Deutsche Bahn flirts with drivers' strike deadline

Rail operator Deutsche Bahn has until 3 pm on Friday to respond to demands from the Train Drivers' Union (GDL) for a "reasonable provisional result" in talks over pay, conditions and union representation. READ  

RECEIVE OUR NEWSLETTER AND ALERTS
Politics
A Greek learning politics in Germany
Features
The battle of the "Gates of Berlin"
National
Germany's favourite baby names of 2014
National
Germany's 'very poor' lobbying record
National
VIDEO: Mario Draghi suffers anti-ECB confetti attack
Politics
Merkel's 15 years at the top of German politics
Shutterstock
Sponsored Article
10 things you didn’t know about Zagreb (and why you should go)
Features
Spice up asparagus season with The Local's serving suggestions
Sponsored Article
What expat parents should ask before choosing a school
Travel
Lowest of the low: how woman exploited Germanwings crash
Sport
Football and the €30,000 firework
Technology
Why scientists oppose killer robots
National
Germanwings co-pilot 'searched suicide info'
Technology
Electrifying 'Ostalgia'
National
Which city is Germany's worst for drivers?
National
'Cannibal cop' gets 8 years
Can the 'nightmare' of a pilot downing a plane be prevented?
National
LIVE: Co-pilot suspected of crashing plane
Pupils mourn lost classmates
National
Freed after 25 years on death row
National
Cologne Cathedral returns from space
Features
Paddy's Day, Berlin style
Is your workload 'out of control'? You're not alone...
National
Why east Germans are happy to get it on on camera
National
What would you do with a 250-year-old pretzel?
Features
Just why is the German flag Schwarz, Rot, Gold?
Business & Money
Getting German workers and bosses thinking positive
National
Uplifting thoughts to get you through the last week of winter
National
Who wants the Olympics more - Hamburg or Berlin?
National
Last-minute drama of Germany's Eurovision 2015 entry
National
German photographer takes world's top prize
Features
Meet the woman getting Germans to drink more – and better – beer
Gallery
Get inspired for International Women's Day with German heroes
Green party proposes first-ever cannabis legalization plan
Gallery
In pictures: Germany's seven most livable cities
National
Singapore canes Germans for train graffiti
Politics
Surprise! Germans love feeling like they run the EU
Politics
Anger over plan to show women what men earn
Travel
Munich tram fans bicker over new bell
Features
Kafka: puzzling translators 100 years on
Business & Money
France or Germany: Which country really is the best country to work in?
Photo: Police
Rhineland
Student driver crashes tank into family garden.
Photo: DPA
Politics
There was a notable absence at the Anti-Semitism Commission
National
How Dresden bombing still divides Germany, 70 years on
Photo: DPA
Gallery
Take a cute break with this gallery of baby animals
Latest news from The Local in Austria

More news from Austria at thelocal.at

Latest news from The Local in Switzerland

More news from Switzerland at thelocal.ch

Latest news from The Local in Denmark

More news from Denmark at thelocal.dk

Latest news from The Local in Spain

More news from Spain at thelocal.es

Latest news from The Local in France

More news from France at thelocal.fr

Latest news from The Local in Italy

More news from Italy at thelocal.it

Latest news from The Local in Norway

More news from Norway at thelocal.no

Latest news from The Local in Sweden

More news from Sweden at thelocal.se

7,264
jobs available
Toytown Germany
Germany's English-speaking crowd