VW, Daimler CEOs take pay cuts in 2013, GM’s Akerson stays the course [cardvd-player.net]

Amid slow auto sales in Europe, the top executives of both Volkswagen and Daimler AG will pay cuts in 2013, which comes at the same time, as the conflicting reports of a possible pay raise for General Motors CEO Dan Akerson (right). According to Automotive News Europe, Volkswagen, Martin Winterkorn, CEO (center) and Daimler CEO Dieter Zetsche (left) are willing to make less this year, but at the same time a series of reports (including Automotive News) suggested that GM asked Akerson for a raise, a statement from GM since the U.S. today makes clear increase is not imminent.
Winterkorn will hit three million euros (4 million), but still finished the year by nearly $ 20 million. Winterkorn told ANE suggested their own pay cut earlier this month, and board members will also lower wages than this year. Just days after a contract extension was announced three years Zetsche, who is being informed that his salary be reduced to half a million euros, leaving him with an annual income amounting to € 8,150,000 (approximately U.S. $ 10.6 million), Daimler will also reduce the bonuses paid to the eight members of the board.
As for the situation Akerson, here’s where things get ugly. Yesterday, AN. GM said it would be raising its CEO’s salary of $ 9 million to $ 11.1 million, but the GM was quick to deny that information, saying the $ 11.1 million figure is actually a full count Akerson compensation package salary for 2012 Akerson for 2013 will remain at $ 9 million (unless, presumably, any other form of compensation) under its three main rivals CEO, Alan Mulally and Sergio Marchionne, who make more than twice of what makes Akerson.

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