Daimler chief Zetsche's pay drops 21 percent in 2016

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Reuters FRANKFURT
Last Updated : Feb 14 2017 | 6:43 PM IST

FRANKFURT (Reuters) - Daimler Chief Executive Dieter Zetsche's total pay including bonuses dropped 21 percent to 7.6 million euros ($8 million) last year, when the group reported a slight decline in annual operating profit, the company's annual report showed on Tuesday.

Zetsche, who has for years been one of Germany's best-paid CEOs, pocketed a total of 13.8 million euros in 2016 once share awards are included, but this was also down on the year before's total of 14.4 million euros, the report showed.

($1 = 0.9416 euros)\

(Reporting by Maria Sheahan and Patricia Uhlig; Editing by Adrian Croft and David Holmes)

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First Published: Feb 14 2017 | 6:29 PM IST

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