Volkswagen's former CEO Martin Winterkorn
Volkswagen's former CEO Martin Winterkorn

Despite officially resigning in September at the height of Volkswagen's emissions scandal, former VW CEO Martin Winterkorn is still on the company's payroll and could earn millions until his contract terminates at the end of 2016, an investigation by Germany's business daily Handelsblatt and TV network ZDF reveals.

Winterkorn, 68, who pulls in an annual salary of 1.6 million euros, could qualify for more than 10 million euros in bonuses on top of that, according to the report. Volkswagen saw "no reason not to continue paying" him, Handelsblatt reported, citing sources close to the VW supervisory board.

Winterkorn stepped down soon after the scandal broke in September. In 2014, he was the highest-paid German corporate executive when he pulled in 15 million euros.

You've reached your monthly limit of free articles.
To read the full article, please subscribe.
Get unlimited access. Support Worldcrunch's unique mission:
  • Exclusive coverage from the world's top sources, in English for the first time.
  • Stories from the best international journalists.
  • Insights from the widest range of perspectives, languages and countries
Already a subscriber? Log in
Keep up with the world. Break out of the bubble.
Sign up to our expressly international daily newsletter!

A man standing in the rubble of a building damaged by a Saudi-led airstrike in Sanaa, Yemen.

Jane Herbelin, Anne-Sophie Goninet and Bertrand Hauger

👋 નમસ્તે!*

Welcome to Wednesday, where Tokyo gets a new COVID state of emergency, Ingrid Betancourt is running for Colombia’s presidency, and the oldest man in the world dies at age 112. Meanwhile Die Welt shows us how Germany's legendary clubbing scene looks in pandemic times.

[*Namaste - Gujarati, India]

Keep reading... Show less
Keep up with the world. Break out of the bubble.
Sign up to our expressly international daily newsletter!
You've reached your monthly limit of free articles.
To read the full article, please subscribe.
Get unlimited access. Support Worldcrunch's unique mission:
  • Exclusive coverage from the world's top sources, in English for the first time.
  • Stories from the best international journalists.
  • Insights from the widest range of perspectives, languages and countries
Already a subscriber? Log in
THE LATEST
FOCUS
TRENDING TOPICS
MOST READ