Volkswagen executives donate 10% of personal income to charity

It’s no surprise that automotive CEOs make millions. Some get outstanding bonuses and drop it in their bank accounts at the end of the day while others, like Volkswagen executives, donate a percent of their earnings to charity.

Volkswagen has announced that CEO Martin Winterkorn along with four other members of the Board of Management of Volkswagen AG will donate about 10 percent of their personal income from stock options to benefit the civic foundation Bürgerstiftung Wolfsburg.

Together the group of five made about $32 million in 2008 and will donate $3.2 million to the charity.

“Our goal is to support, encourage and educate children in Wolfsburg and the surrounding region,” said Dr. Neumann, member of the Board of Management with responsibility for Human Resources.