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(Bloomberg) Critics say it lacks both ambition and teeth.
Germany’s proposed bill to set quotas for women on executive boards is touted by its backers as a breakthrough for the country’s gender-equality push. Its detractors, however, point out that it will still leave Europe’s biggest economy with among the most male-dominated corporate suites in the developed world.
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Germany, whose Chancellor Angela Merkel is the longest-serving female head of state in the world, has one of the poorest records for promoting women in business in Europe. The quota bill asking companies to have at least one woman on their management boards will bump up the share of female executives to about 15%, taking Germany’s ranking to about 17 from 24 in the 27-member European Union, according to Boston Consulting Group.
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CEO Ready To Forgo More Than $100 Million Bonus - For His Wife CEO Ready To Forgo More Than $100 Million Bonus - For His Wife The 38-year-old executive said he will retire next year so his wife can pursue her career while he takes care of their children. The move could cost him as much as 93 million euros ($112 million) in options from a five-year incentive program set up in 2018, Bloomberg calculations show.
Rubin Ritter said he will retire next year so his wife can pursue her career.
Rubin Ritter, the co-chief executive officer of online fashion retailer Zalando SE, may take a potential hit of more than $100 million for his wife.
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This CEO is ready to forgo $112 million bonus to support wife s career
This CEO is ready to forgo $112 million bonus to support wife’s career
The 38-year-old executive said he will retire next year so his wife can pursue her career while he takes care of their children.
Rubin Ritter. (Image source: Bloomberg)
Rubin Ritter, the co-chief executive officer of online fashion retailer Zalando SE, may take a potential hit of more than $100 million for his wife.
The 38-year-old executive said he will retire next year so his wife can pursue her career while he takes care of their children. The move could cost him as much as 93 million euros ($112 million) in options from a five-year incentive program set up in 2018, Bloomberg calculations show. The multi-millionaire couple is expecting its second child.
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