IG Metall Head Calls for Pay Limit for Executives, Berliner Says

Berthold Huber, head of Germany’s IG Metall labor union, wants limits set on the remuneration of management boards after Volkswagen AG (VOW) Chief Executive Officer Martin Winterkorn got a record compensation, Berliner Zeitung reported.

Huber added that executives should have higher targets or bonuses should be capped at a certain level, the newspaper reported, citing an interview with the labor official.

To contact the editor responsible for this story: Sara Marley at smarley1@bloomberg.net