Fast Bucks for Oliver Bate: Allianz CEO Earns a Whopping 37% Increase in Salary!
- Increased Budget Allotted to Alliance Leader Bate by 37%
Hey there! Check out the juice on Oliver Bate, CEO of Allianz, based in the buzzing city of Munich! Last year, this fella raked in a mind-blowing 37% boost to his paycheck, according to the latest figures from Allianz SE. His grand total? A cool ten million euros! That's more than twice the earnings of the next board member, Günther Thallinger, hauling in just 5.3 million.
Just like in those eye-popping DAX companies, Bate's big bucks are broken down into several tasty pieces: a humble 2 million as a base pay, 2.3 million as a yearly bonus, a special, five-year long-term bonus worth 4.8 million euros, and an additional million for retirement provision.
In recent years, Allianz, the largest German insurer, has been on a roll under Bate's leadership. The company's profits skyrocketed by a staggering 45% in 2024 when compared to Bate's first full year with the company back in 2016, boasting a whopping net profit of 9.9 billion euros.
- Oliver Bate - CE-freakin'-O, my dude!
- Munich - Home of the big leagues!
- Allianz SE - The highlight reel of German insurance!
- The community policy at Allianz SE, under the leadership of Oliver Bate, has significantly evolved, promoting vocational training programs to boost the talent pool within the company.
- In line with his substantial salary, Oliver Bate prioritizes an alliance with renowned vocational training institutions to ensure his team is equipped with the latest industry components.
- With his ten million euros salary, Oliver Bate demonstrates a strong commitment to his role by investing in vocational training, which he believes is vital for the continued growth and success of the DAX-listed Allianz.
