Want to know how much the chief executive of a big company in Britain, the U.S. or the Netherlands earns? Just ask the company. But not in Germany, where pay packages have long been a secret. Only 10 of the 30 firms in the DAX index disclose individual compensation; those who just say no include automakers DaimlerChrysler and BMW, chemical firm BASF and insurer Munich Re. But the pressure's on for greater disclosure. Last week a group of Germany's Social Democratic M.P.s proposed laws to force firms to provide pay details. Justice
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Want to know how much the chief executive of a big company in Britain, the U.S. or the Netherlands earns? Just ask the company. But not in Germany, where pay packages have long been a secret. Only 10 of the 30 firms in the DAX index disclose individual compensation; those who just say no include automakers DaimlerChrysler and BMW, chemical firm BASF and insurer Munich Re. But the pressure's on for greater disclosure. Last week a group of Germany's Social Democratic M.P.s proposed laws to force firms to provide pay details. Justice
Want to know how much the chief executive of a big company in Britain, the U.S. or the Netherlands earns? Just ask the company. But not in Germany, where pay packages have long been a secret. Only 10 of the 30 firms in the DAX index disclose individual compensation; those who just say no include automakers DaimlerChrysler and BMW, chemical firm BASF and insurer Munich Re. But the pressure's on for greater disclosure. Last week a group of Germany's Social Democratic M.P.s proposed laws to force firms to provide pay details. Justice