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Volkswagen CEO Mueller Gets 40% Compensation Hike

Special breaks let him exceed caps on salary and benefits.

by on Mar.13, 2018

VW CEO Matthias Mueller received a 40% raise in 2017.

Volkswagen’s comeback from the diesel scandal is almost complete. Volkswagen Group reported record earnings for 2017 and this resulted in CEO Matthias Mueller seeing his compensation package jump 40%.

The 64-year-old Mueller’s contract expires in 2020.

Global News!

The jump in pay and other benefits to nearly $12.5 million, according to the company, may seem somewhat startling since it was only two years ago the German automaker was firing executives, eliminating bonuses and implementing a new, more restrictive set of rules for compensation. (more…)