In 2024, Christian Klein, the CEO of SAP, received a total compensation package of approximately €19 million ($19.9 million), which included significant bonuses tied to the company's performance and share price increase. This amount marked a 165% increase from the previous year, reflecting the company's strong performance in the AI sector and overall growth.
One of the reasons given for regular layoffs is that there’s not enough money at SAP. The main reason for cutting benefits and MOVE SAP is that there isn’t enough money. And in March, there will be a lower salary appraisal for everyone because there isn’t enough money and because performance management makes it easy to pay less.
Despite this, the board is negotiating with the supervisory board about increasing their bonuses for 2025. To give you an example, CK is supposed to get €23 million for his “exceptional work” in 2025 which is a massive 200% increase compared to 2023.
This is despite the fact that the stock price is plummeting to less than €200 by the end of the year.
This is redistribution of wealth from the poor to the rich. Call your supervisory board members and ask them to stop this. The board should get a pay cut and lower bonuses. And the money saved should be used to give salary appraisals to employees.