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Multi-million bonuses for German car bosses are not fair: Merkel
August 21, 2017 / 8:46 AM / a month ago

Multi-million bonuses for German car bosses are not fair: Merkel

German Chancellor Angela Merkel, top candidate of the Christian Democratic Union Party (CDU), presents the new interactive election campaign ahead of the upcoming federal election in Berlin, Germany August 18, 2017. REUTERS/Hannibal Hanschke

BERLIN (Reuters) - Multi-million euro bonuses to German car company executives are not fair given the sector’s tarnished image after the emissions scandal, Chancellor Angela Merkel said on Monday.

“No I don’t think this is fair. I don’t know how the automotive industry is going to respond,” Merkel told mass-selling Bild newspaper in an interview broadcast live online.

She added: “They have supervisory boards on which union representatives sit and I think there should be a more sensitive approach (to executive bonuses)”.

Merkel said it was not up to politicians to cap executive pay and bonuses.

Reporting by Joseph Nasr; Editing by Paul Carrel

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