Being the CEO of a major car manufacturer is not traditionally considered a job that will net you paychecks on par with Formula 1 drivers. For Porsce CEO Wendelin Wiedeking, however, his salary for last year would cover at least four times Ralf Schumacher’s pay when he was at Toyota. Wiedeking defended his estimated €60 million-€70 million ($89 million -$103 million) salary by pointing to increased corporate profits and bonuses for workers and shareholders.
In his defense, pre-tax profits for Porsche did rise nearly €4 billion from €2.1 billion to €5.9 billion over the past year.
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