February 28, 2019 / 12:26 PM / 3 months ago

SAP says CEO McDermott bags 9.8 million euros in 2018

SAP SE CEO Bill McDermott attends the company's annual results press conference in Walldorf, Germany, January 24, 2017. REUTERS/Ralph Orlowski

FRANKFURT (Reuters) - SAP Chief Executive Bill McDermott received total benefits of 9.8 million euros ($11.2 million) in 2018, according to the software maker’s compensation report released on Thursday.

That compares with a 21.8 million euro payout a year earlier, which was boosted by multi-year variable compensation from stock options, making it the highest ever annual payout for a CEO in Germany’s blue-chip index DAX.

Reporting by Nadine Schimroszik; writing by Ludwig Burger; editing by Thomas Seythal

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