TITLE

Envy discussion to push up top German salaries

AUTHOR(S)
Williams, Dede
PUB. DATE
January 2007
SOURCE
ICIS Chemical Business;1/15/2007, Vol. 2 Issue 49, p38
SOURCE TYPE
Trade Publication
DOC. TYPE
Editorial
ABSTRACT
The article comments on the decision of BASF chairman Jurgen Hambrecht to oppose the new law in Germany that requires publication of the salaries of individualized board members in corporate annual reports. Before he decided not to fight against windmills, Hambrecht contended that revealing absolute numbers could lead to an envy discussion among other top company personnel who, although highly paid, believed they were not paid highly enough.
ACCESSION #
23854144

 

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