SAP says CEO McDermott bags 9.8 million euros in 2018

February 28, 2019

FRANKFURT (Reuters) – SAP Chief Executive Bill McDermott received total benefits of 9.8 million euros ($11.2 million) in 2018, according to the software maker’s compensation report released on Thursday.

That compares with a 21.8 million euro payout a year earlier, which was boosted by multi-year variable compensation from stock options, making it the highest ever annual payout for a CEO in Germany’s blue-chip index DAX.

(Reporting by Nadine Schimroszik; writing by Ludwig Burger; editing by Thomas Seythal)

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