DWS shareholders have been told to vote against the pay package of chief executive Asoka Woehrmann, with influential proxy adviser Glass Lewis citing concerns over an “excessive” base salary for the asset management boss.
According to Glass Lewis, Woehrmann’s base salary of €2.4m in 2021 was “significantly higher” than the amount paid to CEOs at some of his listed peers, including blue-chip financial institutions in Europe where there is also a cap on variable pay.
