Management change: VW paid 100 million euros in severance payments to 14 ex-board members: a first exclusive overview

In the past ten years, Volkswagen has paid around 100 million euros for severance payments to board members who had to vacate their positions early.

Management change: VW paid 100 million euros in severance payments to 14 ex-board members: a first exclusive overview

In the past ten years, Volkswagen has paid around 100 million euros for severance payments to board members who had to vacate their positions early. This emerges from entries in the annual reports evaluated by the star. From 2012 to 2021, the automotive group terminated the contracts of 14 board members before the end of their usual term and negotiated individual payments with the managers for the remaining term. The former CEO Matthias Müller received the highest sum: he was awarded 17.8 million euros when he left office in mid-2018 after three years.

Access to all STERN PLUS content and articles from the print magazine

ad-free

Already registered?

Yorum yapabilmek için üye girişi yapmanız gerekmektedir.

Üye değilseniz hemen üye olun veya giriş yapın.

NEXT NEWS