Deutsche protects payouts with ‘retention awards’

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Deutsche protects payouts with ‘retention awards’

cryan john

Deutsche Bank achieved a headline cut in its bonus pool of nearly 80% for 2016 to €500m. But this is dwarfed by the €1.1bn the bank is paying in ‘retention awards’, which it insists are not part of 2016 compensation, but a way to keep essential employees at the bank.

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