Tuesday, May 09, 2006
Euro2day :: Kagermann offered incentive at SAP
Euro2day :: Kagermann offered incentive at SAP: "SAP, the world's biggest business-software maker, has given Henning Kagermann an incentive to renew his contract as chief executive next year by flagging unprecedented bonuses for senior staff.
The supervisory board plans to pay out �300m ($382m) to hundreds of employees if SAP's share price doubles by 2010, with one-third of the sum reserved for the chief executive and the six other executive directors.
Mr Kagermann took over in the aftermath of the tech-bubble bursting and has led SAP to stellar sales and profit growth. He has yet to say whether he will renew a contract that ends in 2007. "
The supervisory board plans to pay out �300m ($382m) to hundreds of employees if SAP's share price doubles by 2010, with one-third of the sum reserved for the chief executive and the six other executive directors.
Mr Kagermann took over in the aftermath of the tech-bubble bursting and has led SAP to stellar sales and profit growth. He has yet to say whether he will renew a contract that ends in 2007. "
