GERMANY: New Volkswagen bonus scheme encourages careful capital spending - report
Volkswagen said on Monday it has overhauled its executive pay to make managers think more carefully about investment decisions and boost their loyalty to the group, Reuters reported. According to the news agency, VW said up to 40% of this year's annual bonus for senior executives would be dependent on economic value added (EVA) - a measure of profitability which charts returns above the cost of capital.
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