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Axpo Reports Strong Earnings Amid Controversial Executive Bonuses

Axpo has recorded its second-best financial year in history for 2023/24, yet the Aargau government criticizes the company’s decision to award record bonuses to its executives. While bonuses reached nearly 8.6 million Swiss Francs after the leadership previously earned 4.7 million, the government argues this is inappropriate given Axpo’s recent plea for financial support. Going forward, the government intends to propose measures for more oversight on executive pay, reflecting concerns over executive compensation practices.

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