Deutsche Bank Pay is Driving a Wedge Between Veterans on 'Mickey Mouse Money' and a Slew of Better-Paid New Hires — and a $62 Million Bonus for the Board Adds Extra Sting - Business Insider -BoardProspects

Deutsche Bank Pay is Driving a Wedge Between Veterans on 'Mickey Mouse Money' and a Slew of Better-Paid New Hires — and a $62 Million Bonus for the Board Adds Extra Sting

Business Insider May 22 2019 BoardBlogs
- Deutsche Bank has been splashing out on new hires and paying out a big bonus to the board, infuriating veterans who saw their pay slump.
- Deutsche Bank's bosses may face shareholder wrath ahead of a key annual meeting on Thursday.
- Senior staff are forced to hold the stock as part of their pay. The shares reached record lows this week...
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Quotes
1. People are always jealous of the new guys that come in on big salaries.
2. They're calling it Monopoly money or Mickey Mouse money.
3. I'm sure they had to pay a premium to get these guys to come back.
4. Since the Management Board had not received any variable compensation for financial years 2015, 2016 and 2017, we are granting the Management Board members the variable compensation that results from the achievement of their respective targets.
Topics Mentioned
- Management
- Bank
- Europe
- Risk
- stock options
- Asia
- Goldman Sachs
- Barclays
- Brexit
- Annual Meeting
- Bonus
Authors
- Trista Kelley