Bloomberg News

Blessing Salary to Rise to 1.3 Million Euros, Handelsblatt Says

May 11, 2012

Commerzbank AG (CBK) Chief Executive Officer Martin Blessing’s base salary will rise to 1.3 million euros ($1.7 million) next year as a state-imposed 500,000 euro- cap on pay for top management no longer applies, Handelsblatt reported today, without saying where it got the information.

The bank’s management board has done “an excellent job,” Commerzbank Chairman Klaus-Peter Mueller said, according to Handelsblatt.

To contact the reporter on this story: Niklas Magnusson in Hamburg at nmagnusson1@bloomberg.net

To contact the editor responsible for this story: Angela Cullen at acullen8@bloomberg.net


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