/ BMW, News / BMW CEO Norbert Reithofer Earns 7 Million Euro for 2013

BMW CEO Norbert Reithofer Earns 7 Million Euro for 2013

Linked In Share
BMW CEO Norbert Reithofer Earns 7 Million Euro for 2013

Norbert Reithofer, CEO of German automaker BMW, has reached increased earnings last year, thanks to the automaker’s positive results for 2013.

Remuneration for Norbert Reithofer has increased 6% surpassing 7 million euro, according to the recently released annual report.

Together, the German automaker’s board members received a total of 34.5 million euro. Taking into consideration the record dividend of 2.60 euro per share, the company’s three major shareholders, Susanne Klatten, Stefan Quandt and Johanna Quandt can expect a lush payment.

German automaker Daimler also increased its CEO’s pay by 1.2% as the company managed to cut the sales gap with its larger rivals in 2013 on record deliveries. Dieter Zetsche’s compensation for 2013 increased from 8.15 million euro in 2012 to 8.25 million euro for 2013, according to Mercedes-Benz annual report. Compensation for the company’s management board increased 11%.

Compensation for CEO Dieter Zetsche, the CEO Daimler Ag., includes the base salary of 2.01 million euro (the same as the previous year), a long-term variable bonus that includes stock options, a medium-term variable bonus which depends on the shares’ performance and which will be paid in 2015 and a short-term bonus of 1.71 million euro.

According to IHS Automotive, BMW, the largest premium carmaker in the world will sell about 1.77 million vehicles in 2014 – up from record 1.66 in 2013. However, Reithofer, during the annual report press conference told journalists  the company plans to sell 2 million cars this year.

by Mircea Serafim (my Google+) - Thursday, March 20th, 2014 - filed under BMW, News. Image credit: .
Linked In Share
Related Articles
BMW board members ceo salary norbert reithofer


Discuss: BMW CEO Norbert Reithofer Earns 7 Million Euro for 2013

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

FIA could ease radio clampdown in Singapore
FIA could ease radio clampdown in SingaporeSep.18 (GMM/Inautonews.com) The FIA could back down over its newly-imposed radio communications ban. It was the hot topic of ...
Alonso, Vettel fend off seat swap rumour
Alonso, Vettel fend off seat swap rumourSep.18 (GMM/Inautonews.com) Fernando Alonso and Sebastian Vettel on Thursday batted away the most recent 'silly season' ...
Ecclestone takes blame for radio clampdown
Ecclestone takes blame for radio clampdownSep.18 (GMM/Inautonews.com) As day turned to night in the floodlit Singapore paddock, the big talking point was the FIA's radio ...
BMW i8 lapped Hockenheim in 1:15
BMW i8 lapped Hockenheim in 1:15The BMW i8 has been recently taken out for a spin on the famous Hockenheim track where the model managed to lap it in just 1 ...
Recall roundup: Fiat 500L for airbag problems
Recall roundup: Fiat 500L for airbag problemsFiat has issued a recall for the 500L vehicles because of a problem with the driver’s knee airbag, which can deploy ...
2015 Cadillac ATS Coupe configurator introduced
2015 Cadillac ATS Coupe configurator introducedCadillac has introduced the online configurator for the 2015 ATS Coupe, in the United States, where the model in question is now ...
Volvo XC90 R-Design officially unveiled
Volvo XC90 R-Design officially unveiledVolvo has pulled the wraps off the sportier R-Design version of the new-gen XC90, as the model in question will become available ...
EXCLUSIVE: Dacia Sandero RS to be sold as a Renault, will not reach Europe
EXCLUSIVE: Dacia Sandero RS to be sold as a Renault, will not reach EuropeThe rumored Dacia Sandero RS has been recently confirmed by the car manufacturer but the model in question will be sold as a ...
[VIDEO] See the Mercedes-Benz AMG GT on the Bonneville Salt Flats
[VIDEO] See the Mercedes-Benz AMG GT on the Bonneville Salt FlatsMercedes-Benz has released a new video with the recently unveiled AMG GT, where the sports car is being shown in action on the ...
[VIDEO] Lamborghini Huracan revving
[VIDEO] Lamborghini Huracan revvingA new video with the recently unveiled Lamborghini Huracan is showing the newest supercar in the company’s lineup while revving ...
Fiat 500X leaked once more
Fiat 500X leaked once moreThe Fiat 500X has leaked once again ahead of its public debut which will take place next month, during the 2014 Paris Motor ...
Ferrari LaFerrari for sale
Ferrari LaFerrari for saleA brand new Ferrari LaFerrari is currently being offered for sale in Dubai for a whopping 3.4 million USD. If you have missed ...
BMW 518d and 520d get updated
BMW 518d and 520d get updatedBMW has announced a series of updates for the 518d and for the 520 on its local auto market. The BMW 518d and the 520d have been ...
GM recall problems are far from over
GM recall problems are far from overRecently, with the number of recalls coming from the No.1 US automaker, insiders hinted the company is ready to put the safety ...
[VIDEO] Mercedes-Benz CLA Shooting Brake spied on the Ring
[VIDEO] Mercedes-Benz CLA Shooting Brake spied on the RingThe brand new Mercedes-Benz CLA Shooting Brake has been recently taken on to the famous German track the Nurburgring, where it ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

Volvo XC90 R-Design 1
fiat 500x leaked 1
Black Ferrari LaFerrari for sale 1
bmw 5-series 1
Opel Adam S 1
Citroen C4 Cactus AIRFLOW 2L Concept 1
dacia dokker lodgy stepway 1
Mercedes-Benz V250 BlueTEC 4Matic 1
2015 Volkswagen Polo GTI 2
2015 honda civic coupe
lamborghini huracan crash hungary 1
mercedes-amg-gt-roadster-1

More automotive from inautonews
The BMW i8 has been recently taken out for a spin on the famous Hockenheim track where the model managed to lap it in just 1 minute and 15 seconds. The BMW i8 seems to get hotter and hotter with each passing week and after seeing it drift just a few days ago, time has come to find out that it is ...
read more
Inautonews Editors Section
Top 10 Ferrari F1 drivers No.1 Michael Schumacher
Top 10 Ferrari F1 drivers No.1 Michael SchumacherThe greatest driver of the modern age and perhaps the most complete off all-time he rewrote all the conceivable records in such a dominant fashion ...
Can Ricciardo do a Prost ’86?
Can Ricciardo do a Prost ’86?For the third time this season, Mercedes faltered in their 1988-esque campaign and there’s only one man ready to pounce whenever opportunities ...
Test Drive – Mercedes-Benz E250 CDI 4Matic
Test Drive – Mercedes-Benz E250 CDI 4MaticDaimler’s passenger cars division – which consists of the Mercedes-Benz and Smart brands – has vowed to recover the distance from its German ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety Recall roundup: Fiat 500L for airbag problemsFiat has issued a recall for the 500L vehicles because of a problem with the driver’s knee ... GM and Toyota recalls could be surpassed by Takata’s airbag issuesAt least 10 million vehicles were recalled by Toyota back in 2009 and 2010 for the “unintended ...
Safety Section