/ Industry, Mercedes-Benz, News / Daimler seeks performance improvement

Daimler seeks performance improvement

Linked In Share
Daimler seeks performance improvement

According to the company’s annual report, Daimler AG has decided to upgrade its performance measuring standards by excluding some less competitive rivals from its usual pool of carmakers used to measure its own profitability and the payment to managers.

In its strive to reclaim the top spot among premium automakers, lost to BMW in 2011, Daimler also opted in nominating former Volkswagen and BMW CEO Bernd Pischetsrieder, 66, for a seat in the supervisory board.

Besides that, thanks to the improved sales results of 2013, in which Mercedes-Benz managed to reduce the gap between them and Audi and BMW, while also growing faster than both rivals at the start of 2014, Daimler also opted in raising the pay of its CEO. Dieter Zetsche, who just a few years ago was almost ousted from the carmaker, is now reaping the benefits of its growth strategy – and Daimler has acknowledged that by deciding to raise the executive’s pay to 8.25 million euros ($11.3 million).

The automaker also announced it decided not to compare its performance to other rivals who don’t feature an investment-grade credit rating – like Renault or Fiat.

“This is significant because they are comparing themselves to competitors that are harder to keep up with. In the past Daimler often had it too easy,” Metzler Bank automotive analyst Juegen Pieper said.

For 2013 and 2014, Daimler set the benchmarking standards for the payments to the management board members in part by measuring the sales return to that of rivals from BMW, Volkswagen, Fiat, Honda, Volvo, Renault and Toyota. For 2014, the procedure will change to include all stock-exchange-listed auto manufacturers that have an investment-grade rating.

Via Reuters

by Aurel Niculescu (my Google+) - Monday, February 24th, 2014 - filed under Industry, Mercedes-Benz, News. Image credit: .
Linked In Share
Related Articles
daimler executives payment performance


Discuss: Daimler seeks performance improvement

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!

South Korea: Hyundai union could strike in August
South Korea: Hyundai union could strike in AugustIn a concerted move, all labor unions at Hyundai and its 14 affiliates plan a walkout in August if the company doesn’t fulfill ...
Russia: automakers still want to do business there
Russia: automakers still want to do business thereThe former communist country is seen by the major carmakers, such as General Motors, Ford, Volkswagen, Renault-Nissan, etc., as ...
US: IIHS tests some small cars, surprise results inside
US: IIHS tests some small cars, surprise results insideAccording to the Safety Institute, the only car from about a dozen small vehicles to get its coveted "Top Safety Pick+" award was ...
Italy could introduce some auto incentives
Italy could introduce some auto incentivesAccording to the country’s Transport Minister Maurizio Lupi, the Italian government is mulling the introduction of tax breaks ...
Mexico could be ‘double points’ finale in 2015
Mexico could be ‘double points’ finale in 2015Jul.30 (GMM/Inautonews.com) Mexico could close next year's world championship with a 'double points' finale. That is the claim ...
F1 looking ahead to summer ‘shutdown’
F1 looking ahead to summer ‘shutdown’Jul.30 (GMM/Inautonews.com) Tired faces left the Hungaroring paddock last Sunday looking forward to a break. Not only is there ...
Caterham vows to sue sacked F1 staff
Caterham vows to sue sacked F1 staffJul.30 (GMM/Inautonews.com) Caterham has hit back after it emerged sacked staff are moving to sue the backmarker team's new ...
Hungaroring – the trip is worth every penny
Hungaroring – the trip is worth every pennyAll those who went to the Hungaroring for their first race on site had plenty of action to see. They will come back with high ...
Ferrari denies Pat Fry axed
Ferrari denies Pat Fry axedJul.29 (GMM/Inautonews.com) Ferrari on Tuesday denied reports Pat Fry has been sacked. The Maranello team recently did not ...
Ecclestone offers EUR 25m to settle bribery case
Ecclestone offers EUR 25m to settle bribery caseJul.29 (GMM/Inautonews.com) Bernie Ecclestone is willing to pay EUR 25 million to settle the corruption case, media reports said ...
Ecclestone says F1 to scrap 2015 grid restarts
Ecclestone says F1 to scrap 2015 grid restartsJul.29 (GMM/Inautonews.com) Bernie Ecclestone says F1 will abandon its highly controversial plan for standing re-starts after ...
Recall roundup: Volkswagen Golf VII GTI
Recall roundup: Volkswagen Golf VII GTIVolkswagen has issued a recall for the new generation of the Golf GTI in the United States because of some problems found with ...
[VIDEO] 2015 Toyota Yaris Hybrid gets tested out by “Which?”
[VIDEO] 2015 Toyota Yaris Hybrid gets tested out by “Which?”The automotive journalists from “Which?” have recently tested out the updated version of the Toyota Yaris, in the Yaris ...
[VIDEO] Cadillac ATS-V Sedan flies around on the Ring
[VIDEO] Cadillac ATS-V Sedan flies around on the RingThe brand new Cadillac ATS-V Sedan has been recently caught on camera on the famous German track, the Nurburgring, while it was ...
Base Porsche Cayenne V6 gets dropped in the U.S.
Base Porsche Cayenne V6 gets dropped in the U.S.Porsche has announced that the base version of the Cayenne, powered by a V6 engine, will no longer be available for order in the ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

fiat 500l vans concept 1
lamborghini aventador tuning sr auto 1
2015 polaris slingshot 1
2015 kia sorento 1
2014 mercedes-benz vito 1
buick envision 1
Archivnummer: SSPIP39469
Renault Twingo RS 01
audi r8 rbdesign tuning 1
bmw m4 coupe crash france 1
2015 kia soul 1
2014 mini cooper s tuning maxi-tuner 1

More automotive from inautonews
In a concerted move, all labor unions at Hyundai and its 14 affiliates plan a walkout in August if the company doesn’t fulfill their wage increase demands. Lee Kyung Hoon, union leader at Hyundai Motor, was joined in the stance by 19 other union chiefs from the 14 affiliates in the Hyundai Motor ...
read more
Inautonews Editors Section
Hungaroring – the trip is worth every penny
Hungaroring – the trip is worth every pennyAll those who went to the Hungaroring for their first race on site had plenty of action to see. They will come back with high expectations, after a ...
PREVIEW – Hungarian GP 2014
PREVIEW – Hungarian GP 2014“The circuit is a decent measure of a car’s mechanical grip, due to the need of having good traction out of many slow corners. In terms of ...
Review – German GP 2014
Review – German GP 2014Taking Rosberg’s easy win out of the picture, the German GP was truly spectacular, full of wheel-to-wheel racing, some of the overtakes backfiring ...

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 US: IIHS tests some small cars, surprise results insideAccording to the Safety Institute, the only car from about a dozen small vehicles to get its ... Recall roundup: Volkswagen Golf VII GTIVolkswagen has issued a recall for the new generation of the Golf GTI in the United States because ...
Safety Section