Deutsche Bank May Scrap Board Bonuses for Second Year

Moderator: moderators

kreslik.news
rank: 5000+ posts
rank: 5000+ posts
Posts: 5128
Joined: Thu Jan 14, 2016 9:36 am
Reputation: 0
Gender: None specified

Deutsche Bank May Scrap Board Bonuses for Second Year

Postby kreslik.news » Tue Aug 16, 2016 4:45 pm


A multi-year restructuring process of Germany’s largest lender will continue to hurt its employee morale and pockets, as long as the financial results remain lackluster. The head of Deutsche Bank AG’s retail banking arm Christian Sewing today urged the management board to waive their bonuses for the second consecutive year if shareholders have to go without a dividend in 2016.

Mr. Sewing, who has run Deutsche’s retail banking arm since 2015, said in an interview with German newspaper Bild: “It’s clear that if we don’t pay our shareholders a dividend, then our own bonus needs to be up for debate as ... (read more)

Please add www.kreslik.com to your ad blocker white list.
Thank you for your support.

Return to “news”