Most Germans think fat cats get too much cream
Published: 30 Jan 13 14:02 CET | Print version
Online: http://www.thelocal.de/money/20130130-47645.html
Most Germans think top managers in the country's big companies are paid too much, a study published on Wednesday showed.
- German investor confidence on the up (18 Jun 13)
- Germany joins EU youth unemployment fight (14 Jun 13)
- EU immigrants leave Germany within a year (13 Jun 13)
Fifty-eight percent said they believed legal limits should be imposed on what high ranking managers were paid. But 39 percent said they thought that was not necessary.
The statistics come after the revelation that Volkswagen CEO Martin Winterkorn took home €20 million in 2012, news which triggered debate nationwide.
Almost half - 47 percent - of those asked by Stern agreed that managers should be paid no more than 100 times the wage of their lowest-earning employee – a suggestion put forward by Klaus Schwab, President of the World Economic Forum, at the Davos conference last week.
If this were to have applied to Winterkorn, he would have earned €2.9 million. Still, 27 percent said they felt Schwab's guidelines to be too high.
The Local/jcw
What do you think? Leave your comment below.
Hamburg to be run by at least 40 percent women
Hamburg city state has taken the first steps to introducing a women's quota in management - passing a law saying that no committee can be staffed by more than 60 percent of a single gender. READ () »
German investor confidence on the up
German investor sentiment rose slightly in June, on firming hopes for a gradual recovery in Europe's biggest economy in the second half of the year, the ZEW economic institute said on Tuesday. READ () »
Commerzbank 'to shed 5,000 jobs'
Commerzbank, Germany's second largest bank, looks set to shed 5,000 jobs, it emerged on Tuesday. The move is part of an attempt to recover from heavy losses incurred during the 2008-2009 financial crisis. READ () »
Deutsche Bahn fires staff in corruption clean-up
Deutsche Bahn has fired more than 30 managers who were involved in bribery - and is withdrawing from a slew of countries where corruption is rife. READ () »
Sun sets on Siemens solar division
German tech giant Siemens has drawn a line under its foray into the solar power business and is closing down the division, business newspaper the Handelsblatt reported on Monday. READ () »
Motorists flush away millions in toilet tickets
Motorists in Germany are throwing away millions of euros - by not cashing in the 'refund' ticket handed out by public toilet companies operating at autobahn stops. READ () »
Germany joins EU youth unemployment fight
Germany, Italy, France and Spain sent their economy and labour ministers to Rome on Friday to try to find ways to reduce the mass youth unemployment blighting the lives of millions across Europe. READ () »
Canny footballer shoots, scores, is banned
A German amateur footballer who took part in a goal-shooting competition organized by an electronics retail chain, won thousands of euros worth of goods for himself, friends and even complete strangers - until the store banned him. READ () »
Rat poison found at Lidl supermarkets
The German discount supermarket chain Lidl was under fire on Thursday for reportedly scattering rat poison on its produce shelves - without warning customers or reporting a rodent problem to the authorities. READ () »
Berlin: EU can find 'good solution' to US free trade
Germany is confident the EU will find a "good solution" despite differences and hand the EU Commission a mandate to negotiate a landmark free-trade accord with the United States, a government source said on Friday. READ () »
- 12/06 Vodafone makes bid for Kabel Deutschland »
- 11/06 German court scrutinizes ECB's bond buying »
- 11/06 Poorer pensioners forced to work into 70's »
- 10/06 ECB official: German court could sink euro »
- 10/06 One in four Germans work in low-wage sector »
- 09/06 Germany expands EU small business scheme »
- 07/06 Key German exports eclipsed by China »
- 07/06 Outlook brightens as German trade picks up »
- 06/06 Puma signs Bangladesh factory safety pact »
- 06/06 Tax equality for gay German couples »
See all ads | Join the Marketplace
-
PsyShrink Frankfurt
The Expat Psychologists in Munich, Frankfurt and worldwide -
British Corner Shop
British Corner Shop - The online supermarket for expats -
Chambervelt Rooselain & Cie Ltd.
Insurance and financial planning for English speakers in Germany -
PsyShrink Munich
The Expat Psychologists in Munich, Frankfurt and worldwide
886 jobs available
582 new jobs this week
0 new jobs today
- Print Media Expert (m/f) - Print Advertising for FMCG sector
- Specialist Local Employer Brand Services (m/f)
- Local HR Advisor
- IP Solution Manager (m/f)
- Supporter (m/f) in the Area of SAP Globalization Services
- Software Developer .NET (f/m)
- Personal Assistant
- Service Technician After Market Services
- EH&S Specialist Europe (m/f)
- Manager German Tax (m/f)
- 19/06 H&M blames long winter for profit drop »
- 19/06 Sweden sells 6.4-percent stake in Nordea »
- 18/06 Aid cuts would be 'devastating' »
- 18/06 Swedish forestry firm cuts 2,500 jobs »
- 17/06 Sweden among winners in future EU-US deal »
- 17/06 New Telia CEO 'excited' about the job »
- 17/06 ABB board unanimous in pick of CEO »
- 14/06 Wine pulled because it was 'too good': supplier »
- 14/06 Sweden may cut aid to Palestinian territories »
- 14/06 Gothenburg corruption blamed on city culture »
- “Kippi” Like You Wouldn’t Believe – Martin Kippenberger in Berlin
He was considered to be an enfant terrible of the art business, he lived a life of excess and died at an early age. - More Space, More Art – The “New” Lenbachhaus in Munich
Following a long period of restoration work that included an extension, the year 2013 has seen the reopening of the Lenbachhaus in Munich. - By Way of a Detour – Germany at the Biennale in Venice
For decades now it has been considered to be in the best possible taste at the Biennale to call the competition among the nations into question. - “The Monetary Union is Driving the Countries of Europe Apart” – Four Questions for Wolfgang Streeck
The euro is in crisis, a crisis that some say threatens to break up the European Union itself.... - Antigone as a Comic – Detlev Baur on the first theatre magazine for young people
Since 2007 the the youth magazine Junge Bühne has appeared annually.
- “Culture drives development”
German cultural manager Ulrich Fuchs is Deputy Managing Director of European Capital of Cultural Marseille. - “Culture creates identity and – what is now needed most – solidarity”
Cristina Conde de Beroldingen, Director of the Instituto Cervantes in Berlin, appeals for a Europe of community and synergies. - “You shouldn’t talk about Europe, you should do it”
Georg M. - “Culture can be the ‘cement’ of a society”
Thibaut de Champris, Director of the Institut français in Mainz, attributes culture with a healing role.
- Consultant (m/f) for SAP Authorization Governance
- Design Engineer Aerospace in Toulouse
- Design Feasibility Engineer / Craftsmanship Engineer (m/f)
- Exterior Designer (m/f)
- Projekt Cost Controller (m/f) for Plant Engineering Projects
- Strategic Project Junior Manager (f/m)
- Filmproduktion sucht
- Filmproduktion sucht Fahrer oder
- Filmproduktion sucht Herstellungsleiter
- Filmproduktion sucht Kostümbildner
- 03:20 The contents of your favourite sandwich
- 00:42 Meet up for indecisive 20-somethings
- 00:37 Cycling tours around Munich
- 00:16 Police Report (Anzeige) filed against me
- 00:16 2013 TT American fantasy football league
- 23:59 Body odor (BO) from colleagues
- 22:51 Splendid meetup of the mid-20s people (STOMP)
- 22:12 Any one familiar with Jewish conversion
- 21:58 Bringing a British car to Germany
- 21:56 Getting satellite TV in Cologne (Sky, BBC, etc.)
Start trading shares, equities, forex, etc. No commission on equities; Low min. margins. Apply for a CFDs account now!
'Charming, old, beamed cottage for holiday let in Jesus Pobre, Alicante, Spain
www.littlehouseinspain.com/
Professional and qualified consultancy on all insurance and finance matters in Germany, Telephone: +49 2163 571 1740, Email: bg@albatross-assurance.com
www.albatross-assurance.com
Visiting Berlin anytime soon? Book your hotel in Berlin here.
For home-from-home holiday accommodation, search for a Berlin apartment to rent.
Your comments about this article:
If you are poor ,indigent , or low to low middle income on US standards then Germany is the place to be.You are not going to get the medical, dental and optical support there that you get here. You can live good here for a lot less than you can live good in the States.
However,
If you are high middle to upper income, then there is no place better than the good old USA.
You are 100% Correct!