February 28, 2018 / 1:05 PM / a year ago

SAP CEO likely top earner among German blue-chip executives

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

FRANKFURT (Reuters) - SAP Chief Executive Bill McDermott was awarded total 2017 benefits of 21.8 million euros ($26.7 million), according to the software maker’s compensation report, which could mean he topped the executive pay rankings at German blue-chips.

The paycheck includes multi-year variable compensation and compares with a 15.6 million euro payout a year earlier.

Carmaker Daimler’s Chief Executive Dieter Zetsche by comparison took home 13 million euros for 2017, likely making him the second-best paid German blue-chip manager.

Many German companies have not yet published their compensation reports.

Reporting by Arno Schuetze; Editing by Maria Sheahan

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