SAP's Ex-CTO Paid €7.1M After Sexual Harassment Allegations

Former SAP CTO Jürgen Müller received a €7.1 million severance package after leaving the company following allegations of sexual harassment. The incident occurred at a company event, and Müller admitted to inappropriate behavior and apologized. The investigation concluded, resulting in a mutual agreement for his departure. Meanwhile, other executives, Scott Russell and Julia White, received severance payments of €12.6 million and €9 million respectively. Despite these high-profile departures and significant payouts, SAP reported strong 2024 results, with cloud and software revenue reaching €29.96 billion and operating profit exceeding expectations. SAP's share price has also increased by approximately 50 percent in the past year.