In the face of an economic downturn and major layoffs at large German firms such as SAP, ThyssenKrupp and Bosch, executives at Germany’s major listed companies are earning more than ever before. The remuneration of board members of companies listed on the DAX, MDAX and SDAX rose by an average of 11% in the 2023 financial year, according to a study by the auditing firm EY that was published on Wednesday. Including bonuses, they reached a record high of €2.65 million ($2.81 million), the study said. Chief executives’ pay rose particularly sharply, increasing by 16% to an average of €3.7 million….