I don't know, but my feeling is that this might be a symptom of selection of a very specific group of people? Note that there are also around 10x more men included in these groups.
I'm confused. The title says this is about the pay gap among top CEOs. But all the charts in the presentation are about payment of board members EXCLUDING the CEO. Am I missing something, or is this title wildly inaccurate?
It's not about board members in the sense the term is used for U.S. public corporations. “Executive team” or “C-level employees” would probably be more accurate for comparison. These people are typically full-time employees of the corporation. Not external directories, no-show jobs, or anything like that.
German public corporations have a separate board representing stakeholder interests. It's not a full-time job (typically just a few meetings per year, and in theory some legal responsibility), and some of the board members are not employed by the corporation. Considering the time commitment, typical compensation for board members is still very, very generous, but much lower annually than the numbers quoted in the report.
My german is not good but most (all?) graphs in the report seem to talk about executives or board members, but excluding CEOs (ohne CEOs). Does the title need an edit?
b) A relevant piece of information is the total number ("n=xxx" on the bars) which shows there are 6 times as many male execs as there are female ones.
It reminds me of the quip (which I think was true at some point): there are fewer women among the CEOs of DAX companies than there are men named Thomas.
It's board members, not CEOs. Women do 1.1% better for DAX (40 large cap companies), 0.1% better for SDAX (70 small cap companies) and 4.7% worst for MDAX (60 mid cap companies).
So the few women that are board members in average are compensated 1.1% better at DAX companies, that's the story.
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[ 3.7 ms ] story [ 68.6 ms ] threadHow the turn tables...
German public corporations have a separate board representing stakeholder interests. It's not a full-time job (typically just a few meetings per year, and in theory some legal responsibility), and some of the board members are not employed by the corporation. Considering the time commitment, typical compensation for board members is still very, very generous, but much lower annually than the numbers quoted in the report.
b) A relevant piece of information is the total number ("n=xxx" on the bars) which shows there are 6 times as many male execs as there are female ones.
However, somehow, the phrasing of this thread implies it’s the men that are disadvantaged. Curious what the intentions of op is.
https://www.tagesschau.de/wirtschaft/frauenanteil-dax-konzer...
It's rather obvious isn't it? There are fewer of them, but when they're there, they earn more.
So the few women that are board members in average are compensated 1.1% better at DAX companies, that's the story.