FRANKFURT (Reuters) – SAP Chief Executive Bill McDermott was awarded total 2017 benefits of 21.8 million euros ($26.7 million), according to the software maker’s compensation report, which could mean he topped the executive pay rankings at German blue-chips.
The paycheck includes multi-year variable compensation and compares with a 15.6 million euro payout a year earlier.
Carmaker Daimler’s Chief Executive Dieter Zetsche by comparison took home 13 million euros for 2017, likely making him the second-best paid German blue-chip manager.
Many German companies have not yet published their compensation reports.
(Reporting by Arno Schuetze; Editing by Maria Sheahan)