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Volkswagen+cracks+down+on+executive+pay+after+diesel+scandal
Saturday, 25 February 2017 - 12:32
Volkswagen cracks down on executive pay after diesel scandal
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Volkswagen will set caps on executive pay, the German carmaker said as it announced a return to profit for 2016 following the "dieselgate" scandal.

Under the new rules, pay will reflect financial performance more closely.

The chief executive's package will be limited to 10 million euros, with a 5.5 million euro cap for other board members.

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