Volkswagen AG Chief Executive Officer Martin Winterkorn, the highest-paid top manager among Germany’s biggest companies, expects to earn less as the carmaker considers limiting compensation packages.

Compensation amounting to 20 million euros ($27 million) would be difficult to explain, and it would be understandable for the supervisory board to change terms of executives’ pay, Der Spiegel magazine cited Winterkorn as saying an interview. Michael Brendel, a spokesman at Wolfsburg, Germany-based VW, confirmed the comments.

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VW Considers Limiting CEO Compensation

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