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The most likely reason for the ballooned compensation US CEOs receive is American cultural values and influence in business practices and negotiations. The competitive nature of wanting the best guy for your company's top job and never-ending increases to the compensation package resulted in the average US CEO to earn US$ 20+ million, with the top brass earning in the hundreds of millions.
Comparatively, CEOs at elite German companies earn much less than their US counterparts. Dieter Zietsche, CEO of Daimler AG (Mercedes Benz), and Josef Ackermann, CEO of Deutsche Bank AG, both never earned more than 10 million Euro in a single year of their current positions.
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