German Bank publishes Compensation: Eleven percent less money for the … – Stuttgarter Zeitung

From AFP 20th March 2015 – 22:10 clock

both the head of Deutsche Bank, Jürgen Fitschen and Anshu Jain, have earned last year eleven percent less. The composition of the total compensation of their employees has changed.

Jürgen Fitschen and Anshu Jain earned last year eleven percent less money Photo:. Dpa

Frankfurt / Main – The two head of Deutsche Bank, Jürgen Fitschen and Anshu Jain, have earned last year eleven percent less. The remuneration of the Co-CEO of Germany’s largest bank fell 7.47 million euros each in 2013 to 6.66 million euros in 2014, as is apparent from the remuneration report, which the company released in Frankfurt on Friday. The remuneration of the Bank Board was lower: they dropped from € 38.5 million to nearly ten percent to 35.3 million euros

The German bank pointed out, moreover. <- - No content!> out that the composition of the total fees for their good 98,000 employees have changed. While the fixed remuneration of 6.7 billion had risen to 7.3 billion euros, the variable compensation, in the form of bonus payments of 3.2 billion had decreased to 2.7 billion euros. This goes back to new regulatory requirements.

The profit after tax of Deutsche Bank fell almost two and a half times as high as in the previous year, as the now published audited version of the annual report in 2014 revealed. Accordingly, it rose from 681 million to 1.691 billion euros. Such an increase in profits had informed the industry leader at the end of January in a preliminary version of the Annual Report.

German bank chief hinge plates must answer on attempted fraud trial on suspicion in court soon. The method in Munich is related to the bankruptcy of the late media mogul Leo Kirch 2011 and is scheduled to begin on April 28

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