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Corrected: Volkswagen CEO's pay package soars on record group profit

Reuters  |  BERLIN 

(Corrects to read million, paragraph 5)BERLIN (Reuters) - Volkswagen group's record earnings drove up Chief Executive Matthias Mueller's salary package by about 40 percent last year, to 10.14 million euros ($12.47 million) in pay and benefits, the carmaker said on Tuesday.A year ago, Europe's largest automaker introduced new compensation rules for managers to curb investor criticism over big bonuses paid to executives in the wake of its 2015 "dieselgate" emissions scandal.Mueller, 64, whose contract expires in 2020, earned almost a fifth more than the 8.6 million euros that Daimler Chief ...

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First Published: Tue, March 13 2018. 19:30 IST
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