Ex-SAP CTO walks away with €7.1M payout after scandal

SAP paid former CTO Jürgen Müller €7.1 million ($7.5 million) after he left the German software company by mutual agreement in September last year. Müller departed following an "incident" at a company event earlier in the year. At the time, SAP said its supervisory board had reached a "mutual agreement" with Müller for him to leave the company's executive board at the end of September. In a prepared statement at the time, Müller said his behavior had been inappropriate. "I regret being inconsiderate and sincerely apologize to everyone affected. I recognize my behavior at that moment did not reflect our values at SAP." Later, authorities confirmed that the investigation related to allegations of sexual harassment. Reports from January suggest that Müller had reached a settlement and that the investigation had ended. The Register has asked public prosecutor Staatsanwaltschaft Heidelberg to comment. In a filing to the US Securities and Exchange Commission, SAP documented its executiv ... Read full article.