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.

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

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)

[© 2019 Thomson Reuters. All rights reserved.]

Copyright 2019 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.  Thompson Reuters is solely responsible for this content.