Bloomberg News

E.ON’s Executive Compensation System Works, Wenning Tells FAZ

May 02, 2012

EON AG (EOAN)’s executive board compensation system works, Frankfurter Allgemeine Zeitung said, citing an interview with the utility’s supervisory board chairman Werner Wenning.

The executive board was paid less than last year because the long-term component was cut, the German newspaper said. Short-term components were calculated without exceptional one- time effects such as costs tied to Germany’s change in energy policy, Wenner said, according to FAZ.

To contact the reporter on this story: Sheenagh Matthews in Frankfurt at smatthews6@bloomberg.net

To contact the editor responsible for this story: Benedikt Kammel at bkammel@bloomberg.net


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