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VW’s Winterkorn Earns $23 Million as Germany’s Best-Paid DAX CEO

Volkswagen AG Chief Executive Officer Martin Winterkorn, who led the world’s second-largest carmaker to a record profit last year, earned 17.5 million euros ($23 million) to top the rankings as best-paid DAX Index CEO.

Winterkorn’s total compensation for 2011 increased 87 percent from 2010’s 9.33 million euros, Wolfsburg, Germany-based Volkswagen said today. His earnings included an 11 million-euro bonus.