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Pension: 33000 a day

Original title: Mercedes Benz president Zetsche retires and gets the highest pension in European History: 33000 yuan per day

Zetsche, President of Mercedes Benz, joined Daimler in 1976 and became president of Mercedes Benz in 2005. During his term of office, the sales volume of Mercedes Benz in China exceeded 600000 and the global sales volume exceeded 2 million, making Mercedes Benz return to the top of global luxury car sales after more than ten years. He can get a pension of 4250 euro (about 33000 yuan) every day, and can buy a 200 square meter house in Beijing in one year.

At the end of his term, Zetsche will receive the highest pension ever paid to the CEO level employees in Germany, with a daily pension of 4250 euros (about 33000 yuan). Some people think that this is related to Zetsche's achievements in Mercedes Benz.

On January 29, auto forecasters noticed from relevant media that Dietrich Zetsche, chairman of Daimler's board of directors and global president of Mercedes Benz, who will formally step down in May this year, will receive the highest pension ever paid to the CEO level employees in Germany, which even sets a new record.

Zetsche will receive a pension of 4250 euros a day from 2020, compared with 3100 euros a day held by Volkswagen Group President Martin wintercohen, according to the report. As soon as the news came out, it attracted a lot of public attention. Some people think that Zetsche's high pension is related to his achievements in Mercedes Benz.

As chairman of Daimler's board of directors, Zetsche has been in charge of Mercedes Benz's global president for 13 years, including two extensions. During his tenure, Zetsche was not only recognized by Daimler group, but also won praise throughout the industry.

According to the data, in the last fiscal year, Zetsche received a high annual salary of more than US $9.81 million, ranking fifth in the salary level of the executives of multinational automobile enterprises. Among the top four are Mary & middot; Bora, CEO of general motors, Carlos & middot; Ghosn, CEO of Renault Nissan Alliance, Han Kaite, CEO of Ford and Bill & middot; Ford, executive chairman of Ford, with annual salaries of US $21.96 million, US $16.9 million, US $16.7 million and US $15.6 million respectively.

Generally speaking, the salary level of senior executives in European and American auto companies is generally high. Although the annual income of Zetsche is quite different from that of the top few companies, it is worth noting that among the leaders of luxury car companies, Zetsche's income ranks first. This also reflects the high market share of Mercedes Benz in the world.

Some people in the industry said that Cai Che hardly made any money during his term of office. He has been monitoring the business situation of the whole company. Because of overproduction, the car price was reduced and the company's huge assets were devalued, Cai Che also took the initiative to reduce his asset income. The person also said that the success of Mercedes Benz is largely due to the efforts of Zetsche. The most striking thing is that he spun off Daimler from Chrysler in 2007 and spent ten years rebuilding the product line, brand value and China business of Mercedes Benz.

As we all know, Zetsche has a deep friendship with Daimler. This wise Turk has worked hard for Daimler for 42 years since he joined the Daimler group in 1976. He has witnessed the whole process of Mercedes Benz from prosperity to decline and climbing to the peak again.

In 2005, Mercedes Benz's business declined and its sales volume dropped sharply. It not only lost the title of global luxury car sales champion, but also fell into a quagmire in its cooperation with Chrysler. The next year, Zetsche was appointed president of Mercedes Benz. After witnessing the low ebb of Mercedes Benz, he began to find a way out for the desolation of Mercedes Benz.

With a forward-looking vision, Zetsche not only divested the Chrysler business from Daimler group and sold shares invested in other business areas, but also took the lead in building a younger strategy, re positioning the product for Mercedes Benz brand and laying a foundation for Mercedes Benz in the younger automotive market. In addition, Zetsche adjusted the market pricing and marketing strategy to make Benz's products more in line with the needs of Chinese customers. Behind a series of actions, Zetsche's core "training" of Mercedes Benz is indispensable.

Data show that in 2017, Daimler group's global total sales volume was 3.3 million vehicles, a year-on-year growth of 9%, a record high. Among them, 617000 vehicles were sold in the Chinese market, a year-on-year increase of 25%. In 2018, the global sales volume of Mercedes Benz reached 2.31 million vehicles, with a year-on-year growth of 0.9%. It has become the champion of luxury car sales for three consecutive years.

As the leader of Mercedes Benz in the global market for more than ten years, Zetsche's contribution to Mercedes Benz makes it a worthy hero. Industry analysts believe that with the global layout of Mercedes Benz and Daimler, their leading position in the luxury car field is enough to bring rich rewards to Zetsche. Moreover, for Daimler, Zetsche's long-term leadership has brought a halo effect to Mercedes Benz. It can be expected that this halo effect will continue to play a role for a long time.