train boss Richard Lutz receives for his work in the past year, a total of 1,809 million euros, or 100,000 euros less than in 2017. Thus, the Chairman of the Board of the top earners in the largest state of the group. His Deputy, the former Chancellery chief Ronald Pofalla, has earned 1,241 million Euro. This is evident from confidential documents for today’s meeting of the Supervisory Board of Deutsche Bahn AG, the presence of the daily mirror exclusive.
The DB group management Board, the six managers, for 2018, a total of 6,498 million euros. In the previous year, the total amounted to 8,521 million euros, was considerably higher. Therein 2,328 million euros for Ex-chief Rüdiger Grube, however, were included, who stepped down at the beginning of 2017 in the dispute and a high level of severance pay received, even though he was only 30 days in office.
In comparison to other industries, the Topgehälter at the track are almost 319.000 employees, however, is relatively low. Daimler chief Dieter Zetsche conceded in 2017, around 13 million euros. In 2018, the car Manager has received 8.6 million euros and thus more than the whole of the railway Board.
a Good half of the DB-Top pay is in the form of fixed payments, for 2018 there are a total of 3.3 million Euro. Lutz has a fixed compensation of 900,000 euros, 56,000 euros more than in 2017. Pofalla and passenger transport-in-chief Berthold Huber received 650.000, chief of staff Martin Seiler and technology head of Sabina Jeschke ever to 400,000. The new chief financial officer and former Banker Alexander Doll with 300,000 euros to be satisfied.
Earlier, the railway Manager earned more
the variable remuneration, the success and the need to decide on the Supervisory Board. Lutz is also the top earner at 892,000 euros. In 2017, there were 1,045 million. Pofalla and Huber will each receive 560,000 euros, Seiler, and Doll ever 394.000 euros. For the Board of managing Directors of 143,000 Euro money benefits values.
In the Figures are not 1,049 million euros in long-term variable remuneration. In addition, all the DB managers will receive a lush retirement. The pension provisions amounted to 2017, more than 23 million euros for active members of the management Board and a further 149 million for former members and their surviving dependants.
compared to the previous years, the remuneration of the DB-to-peak decreased significantly. In 2017, the executives conceded, according to business report, of which 4.9 million salary. In 2016, there were 6.9 million, and in 2015 even more than eight million euros. The total payments amounted 2017 in accordance with the international accounting rules (IFRS) to 10.8 million euros and in 2016, to 14.7 million euros.
Also, the variable remuneration of the members were in previous years, is significantly higher. 2017 there were just under 3.7 million euros and in 2016, almost 6.6 million euros. Even in the loss-making year in 2015, as the DB, a Minus of more than 1.3 billion Euro imports, there were two million extra. After that, the criticism grew, however, that the indicators for the success of the participation is too low. Customer satisfaction, timeliness, and profitability, for many years-in some cases far below the target values.
profit
However, former rail conceded, the heads of significantly higher amounts. Hartmut Mehdorn received at one time, more than three million euros per year and a lump sum of around six million euros, after he had to surrender because of the data – and-spy scandal. His successor Ruediger Grube earned in 2016, 2.6 million, even though his McKinsey-restructuring concept “future lit railway” hardly, profits declined and the debt increased.
Even in 2018, there were disappointing results, because the state-owned company gets its quality problems after many years of neglect, only very slow. According to internal documents, the customer was satisfaction in long-distance transport only unchanged at 77 percent. The punctuality of the ICE trains dropped even from 78.5 to 74.9 percent. In addition, net income for the year shrank sharply by 29.2 percent to 542 million euros as from the current documents for the Supervisory Board, the existence of our editors. The Numbers will publish the DB to peak on Thursday at the annual press conference after the Supervisory Board has approved the annual financial statements. Adjusted consolidated sales rose by 3.1 percent to 44,024 billion euros.
The former railway chief, Hartmut Mehdorn was then approximately three million Euro per year.Photo: picture-alliance/ dpa/dpaweb
operating profit before interest and taxes (EBIT) fell slightly by 1.9 percent to 2,111 billion euros. The increase was aiming for previously. However, the earnings targets by 2023, had to be Lutz in the medium-term plan a few months ago right down to the bottom correct. Now until then, a total of almost three billion euros are expected to be less EBIT, what are the financial exacerbated the problems of the state company enormously. Also, the return on capital employed (ROCE) declined in 2018 further from 6.1 to 5.8 percent, such as from confidential documents.
Stuttgart 21 is devouring billions
Alarming, the development of the net debt, which increased until the end of 2018, five percent to 19,549 billion euros. As “adjusted” sum of even already specified 23,794 billion euros. As the red line of 20 billion euros to date, also the government and the Bundestag to see the growing shadow budget in the Federal government’s own critical to a company.
Above all, the drastic increases in the cost of large-scale project Stuttgart 21, for the of the state the group needs more than Finance four billion euros of its own share, to the heavy burden. Since higher investment can lift the train for lack of sufficient income for years only with a growing debt. In the current investment planning is a financial yawning gap of more than four billion euros. Therefore to adopt – as reported by the Supervisory Board, that the British DB subsidiary Arriva is sold with 60,000 employees as possible to December.
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at The turn of the year, employees of DB group worldwide 318.528 employees. Alone in 2018, there were more than 20,000 new hires, the lack of personnel in passenger and freight traffic to ease, the also, because many older Employees retire. Therefore, a setting offensive runs. This year, the number of employees is expected to rise to more than 12,000 on 330.890.
