Generous cash component to bonuses at Deutsche

11 February 2009

1 minute read

We omitted Deutsche Bank from yesterday's ranking of banks by bonus policy, but now have some belated colour on their payouts.

Although the investment banking bonus pool at DB is down an estimated 60%, it seems the bank has been fairly generous.

According to a senior source at Deutsche, bonuses up to 150k are all in immediately accessible cash, with no vesting restrictions.

Above this amount, cash payouts are being deferred for up to four years, but during the deferral period they will earn interest at LIBOR.

Unlike other banks, Deutsche has nothing in the way of clawbacks.

Average compensation at the investment bank was €256k (229k) for 2008.

AUTHORSarah Butcher

Global Editor

DB
DB worker
15 February 2009
DB sucks ....yeah it was GBP150k no deferred in M&A in London ..but other areas and regions it was as low as GBP50k
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Ol
Old Wizard
14 February 2009
Deutsche Bank meritocratic? you must be joking.... simply look at who got fired last round and you will see this is called POLITIC and not meritocratic...
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Im
I must be dreaming to read thi
14 February 2009
Could we have more details area by area? the problem is that only people who get paid actually post a comment to say how happy they are... the one who get nothing hardly say anything...
Lots of traders (credit, derivatives...) lost a hell of lot of money and i would find it difficult to believe they got paid anything at all...
Or maybe it is like the bailed out banks... you are a trader, you can make money or lose money and you are still paid whatever... this is really so disgusting
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Be
Been there
14 February 2009
DB is one of the most political houses and a lot of senior staff spend more thime on this than on working at all... but at some point they end up losing... it is inevitable, just a matter of time when you have no competences... and such a pleasure to see that... worth waiting for the last few to fall
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So
So Sick
14 February 2009
Why did DB just made redundant lots of good people for so called economic reasons if they are paying such bonuses and in cash? especially it seems to be one of the best plan of the street...
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