The highest feminine managers of Germany’s largest corporations earned considerably much less in 2024 and fell behind their male colleagues, in response to the findings of a examine by the consulting agency EY which was seen by dpa.
The wage of feminine board members within the DAX, MDax and SDax has fallen sharply, whereas males have earned barely extra.
This reverses a long-standing development: for the primary time since 2014, girls on the boards of high corporations have been paid lower than males.
Just some years in the past, there have been only a few girls on the boards of inventory change corporations, which buoyed their salaries and meant that feminine managers overtook males.
However that has modified, explains EY Companion Jens Massmann: “The instances when feminine board members have been a uncommon species and will demand very excessive salaries are over.”
In 2024, the remuneration of feminine board members within the corporations from the three DAX indices fell to a median of €2.15 million ($2.51 million), excluding chief govt positions. This was 11% lower than within the earlier 12 months.
In distinction, their male colleagues recorded a slight improve of 0.4% to €2.27 million.
General, the remuneration of administration board members fell by 3% to a median of €2.57 million. The salaries of the chief executives fell simply as sharply.
In keeping with the examine, the best-paid feminine supervisor was Merck boss Belen Garijo with €7.6 million. She was adopted by Deutsche Financial institution board member Rebecca Quick with €6.5 million and Helen Giza, the chief govt of Fresenius Medical Care with a wage of €5.7 million.
