BERLIN (Reuters) - Multi-million euro bonuses to German car company executives are not fair given the sector’s tarnished image after the emissions scandal, Chancellor Angela Merkel said on Monday.
“No I don’t think this is fair. I don’t know how the automotive industry is going to respond,” Merkel told mass-selling Bild newspaper in an interview broadcast live online.
She added: “They have supervisory boards on which union representatives sit and I think there should be a more sensitive approach (to executive bonuses)”.
Merkel said it was not up to politicians to cap executive pay and bonuses.
Reporting by Joseph Nasr; Editing by Paul Carrel