The twin towers of the Deutsche Bank in Frankfurt
The Chairman of Deutsche Bank have 11 percent earned less last year than 2013. As the Institute announced in his published on Friday evening Annual Report, received Anshu Jain and Jürgen Fitschen each of 6 , 7 million euros. In 2013, she still came to 7.5 million euros each. For the seven-member Board of Deutsche Bank’s remuneration fell by almost 10 percent to 35.3 million euros. Investment bankers of the Bank have received for the past year almost unchanged 4.5 billion euros. Their fixed salaries have increased by 17 percent to 2.8 billion euros. In contrast, the performance bonuses of investment bankers fell by a fifth to 1.7 billion euros.
Author: Markus Fruehauf, born 1967, editor in business.
Your bonuses are but still higher than the dividend payment to shareholders who receive more than 1 billion euros, with an unchanged dividend of 0.75 euros per share. The German bank had over the past year, net profit of 1.7 billion euros. In the consolidated financial bonuses pool decreased by 16 percent to 2.7 billion euros, while the fixed salaries rose by 9 percent to 7.3 billion euros. It aligning compensation structures to EU requirements is expressed. The shareholders of Deutsche Bank approved last year, the exception rule that the bonuses may account for a maximum of twice the fixed salary. According to the EU target they should be allowed to fail just as much a rule as the basic salary. The base salary of Jain and Fitschen has been raised in the course of the new compensation structure from 2.3 to 3.8 million euros. With this new rule to the employees in banks are taken primarily to make the capital markets investment bankers, the incentive to take excessive risks in order to increase the performance fees.
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Another measure is the deferment of payment. For the 2903 Deutsche Bank employees who were classified as risk takers, 85 percent of the variable remuneration have been postponed in the past year. The Group’s rate was 52 percent. These variable salary components are subject to conditions and may fall back within the meet certain requirements. This period running up to five years for managers with risk functions for up to three years, and for the board.
The German bank had preferred the publication of the annual report. Originally for the coming Tuesday was provided. On Friday met the Supervisory Board. At the meeting of the Executive Board presented the reflections on the new strategy. However, no decisions were to be expected. The German bank reviews its corporate structure overlooking stricter capital requirements of the supervisory authorities. It seeks to reduce its total assets from 1.7 trillion euros clearly. The focus is the sale of Postbank and the reduction of certain businesses in investment banking for discussion. A decision to this is to be expected before the Annual General Meeting on May 21.
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