SAP Offers Share-Based Pay to Workers as Stock Nears Inde
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SAP AG, whose shares are trading at the highest level in 11 years, will extend a stock-based compensation program to all workers as it gets closer to overtaking Siemens AG as the most valuable German company.
The biggest maker of enterprise-management software will offer employees so-called phantom stock, which mirrors the share price and doesn’t represent actual equity, to encourage long-term employment and help SAP retain talent, co-Chief Executive Officer Jim Hagemann Snabe said in an interview at the CeBit technology fair in Hanover.