Volkswagen, Adidas and Deutsche Bank: Their CEOs lead the list of top earners in the DAX. This is the result of the annual study by the Technical University of Munich (TUM) and the German Association for the Protection of Securities Holdings (DSW), which was published on Tuesday. VW boss Oliver Blume earned the most, earning 10.3 million euros in the past 2023 financial year. According to TUM professor Gunther Friedl, this was also due to his work as CEO of the VW subsidiary Porsche AG. More than three quarters of Blume’s remuneration was made up of variable, i.e. performance-related components.
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