Bloomberg News

Volkswagen Labor Boss Seeks to Limit Executive Pay, Spiegel Says

May 06, 2012

Volkswagen AG (VOW) works council chief Bernd Osterloh wants to limit executive pay after CEO Martin Winterkorn received a record 18.3 million euros ($24 million) for 2011, Der Spiegel said.

That can be done by simply capping compensation or by raising incentive targets, the magazine cited Osterloh as saying in an e-mailed summary of an article.

To contact the reporter on this story: Nicholas Comfort in Frankfurt at ncomfort1@bloomberg.net

To contact the editor responsible for this story: Frank Connelly at fconnelly@bloomberg.net


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