Volkswagen Group employees will get a EUR7,500 bonus this year after the carmaker booked record 2011 profits.
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At the group’s annual press conference, chairman Martin Winterkorn was questioned about the size of the employees’ bonus, and his own 90% pay rise, when shareholders have only seen an increase of around 33% in their dividends.
The question was answered by chief financial officer Hans Dieter Potsch: “For shareholders it is not only dividends that count but corporate success and the corresponding increase in share price. I don’t think they have any cause for complaint.”
