VW supervisory board cuts bonuses for top executives

Newswire

BERLIN, Feb 22 (Reuters) - Volkswagen's supervisory board has taken steps to limit bonuses for top executives even as the German car maker announced a record operating profit for 2012. Chief Executive Martin Winterkorn will be paid a total of 14.5 million euros ($19.17 million) for 2012 in fixed salary, bonuses and incentives, compared with 17.5 million a year earlier, the company said on Friday, citing a ruling by the 20-member supervisory board. Compensation ...

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