In his defense, pre-tax profits for Porsche did rise nearly €4 billion from €2.1 billion to €5.9 billion over the past year. Wiedeking is quoted by FT.com as saying, “I think when the company does well then those who have contributed should share in that.” That’s all well and good, but the entire remainder of the board of Porsche earned less than half what Wiedeking did for the year. Workers received bonuses and shareholders received dividends as well, with dividend payments up 145 percent to around €6 per share.
Last year the entire board of Porsche - including the CEO - earned only €42 million ($62 million).