Oct. 13 (Bloomberg) -- If Germany's financial-rescue package stops short of placing conditions on executive pay, Finance Minister Peer Steinbrueck didn't shy away from his own prescription for what banking managers should earn.

``I'll tell you my number,'' Steinbrueck said at the end of a briefing today in Berlin. ``These managers shouldn't be making more than 500,000 euros ($679,000) a year -- no bonuses, no severance pay during this time, and no dividends.''

That would be a fraction of the 14 million euros Deutsche Bank AG Chief Executive Officer Josef Ackermann earned last year, which includes a 1.15 salary, plus bonuses.

The German government today unveiled its plan to provide as much as 500 billion euros in loan guarantees and capital to bolster the banking system, the country's biggest government intervention since the Berlin Wall came down in 1989.

Steinbrueck, a Social Democrat, said his party and Chancellor Angela Merkel's Christian Democrats had agreed that conditions on pay should be placed on banks that benefit from the government fund, though they hadn't discussed numbers.

Steinbrueck has proposed overhauling regulations on executive pay to partners in the Group of Seven most industrialized nations.

To contact the reporter on this story: Patrick Donahue in Berlin at at pdonahue1@bloomberg.net.

Last Updated: October 13, 2008 12:05 EDT