FRANKFURT (Reuters) – Allianz Chief Executive Oliver Baete earned 9% more in 2021 despite losses in a multibillion-dollar trading debacle at the German insurer’s funds arm.
Baete’s total payout was 6.961 million euros ($7.67 million) in 2021, up from 6.391 million euros in 2020, according to the company’s annual report published on Friday.
($1 = 0.9076 euros)
(Reporting by Tom Sims and Alexander Huebner; Editing by Miranda Murray)
