Deutsche Bank bonuses are looking at a 60% cut, or so Bloomberg claims:
Business units hardest hit by the financial crisis such as structured products and proprietary trading will face larger reductions than areas including foreign exchange and commodities, said the person, who declined to be identified because the plan isn't public. Focus Magazin reported the bonus plan earlier.
We aren't surprised. Once the Swiss and the Germans started trimming the strip-club and cocktail expenses, we knew the news wasn't good.
Deutsche Bank Said to Cut Bonuses by 60% After Loss [Bloomberg]
Posted by Anal_yst , Feb 02, 2009 1:04PM
wtf is focus mag?
Posted by guest , Feb 02, 2009 1:06PM
Its like a Newsweek in Germany. Its a crappier version of the Economist-Time Magazine Hybrid Der Spiegel (Economist because its useful and not written for 5 year olds, Time because it covers a large variety of topics).
Posted by guest , Feb 02, 2009 1:06PM
You really don't want a bunch of Germans sitting around with nothing to do....trust me
Posted by guest , Feb 02, 2009 1:11PM
@3
Nazi reference?
Posted by guest , Feb 02, 2009 1:14PM
Wow great title. I hope I am not the only one to get that.
Posted by guest , Feb 02, 2009 1:21PM
Now is the time on Sprockets when we dance!
Posted by guest , Feb 02, 2009 1:21PM
"Would you stop talking about the war?"
"Me? You started it?"
"We did not start it."
"Yes you did, you invaded Poland!"
Brilliant.
Posted by ep , Feb 02, 2009 1:22PM
7:
Bingo.
Posted by guest , Feb 02, 2009 1:23PM
If only they had a gov't program to boost bonuses back to par, regardless of corporate profitability.
Posted by guest , Feb 02, 2009 1:25PM
You know, these are the real casualties of the economy! This is a real shame. The Chosen One likes to talk about "shameful" bonuses on Wall Street, but these bonuses create jobs and run the economy.
Why, not a few years ago, I single handily put two entertainers through higher education, and they were (before the media fear mongering led to a recession) on to earning tax-paying jobs.
I hope the Chosen One will know the best way to "stimulate" the economy with job creation programs are higher bonuses!
Posted by guest , Feb 02, 2009 1:27PM
@ 10
Thank you for perpetuating the stripper myth.
Posted by guest , Feb 02, 2009 1:36PM
We all know that democrats love to cheat on their wives (and northeast republicans support abortion for the same reason) so maybe President Obama is trying to create a much larger pool of strippers by banning large bonuses?
Posted by guest , Feb 02, 2009 1:38PM
Isn't Deutsche Bank subsidized by the German government?
Posted by american bandersnatch , Feb 02, 2009 1:52PM
Best. Comedy. Series. Ever.
Posted by guest , Feb 02, 2009 1:54PM
@10 is right. Bankers put strippers through college and get them to eventually stop stripping. Of course said strippers have to be on-call 24/7 for blow and kinky sex parties but hey, nothing's for free.
Posted by guest , Feb 02, 2009 1:54PM
@12 - no.
Posted by guest , Feb 02, 2009 2:04PM
Too homo didn't romo.
Posted by guest , Feb 02, 2009 2:26PM
A banker without a stripper is like Gasparino without an F-bomb.
Posted by guest , Feb 02, 2009 2:50PM
@4, actually a Franco-Prussian War reference.
Posted by guest , Feb 02, 2009 2:53PM
The percentage of Wall Street wives who are ex-strippers is surprisingly high.
Posted by miami , Feb 02, 2009 3:06PM
Ah, The Germans. The bestest episode [close] of the bestest comedy ever [not clsoe.]
Posted by guest , Feb 02, 2009 3:10PM
EP, great title and props to @14 picking it up!
Posted by guest , Feb 02, 2009 3:12PM
@14/21 Yep. Cleese knew how to do it right.
Posted by guest , Feb 02, 2009 3:13PM
I mentioned it once, but I think I got away with it.
Posted by guest , Feb 02, 2009 3:47PM
TWO WORLD WARS, ONE WORLD CUP!
Posted by guest , Feb 02, 2009 3:49PM
too sauer, didn't kraut
Posted by guest , Feb 02, 2009 4:01PM
10 - I was at Citi. I could only send one to college... I look up to you.
Posted by guest , Feb 02, 2009 4:34PM
@27...yeah, well, the party has to end sometime, right Old Sport?
Posted by american bandersnatch , Feb 02, 2009 4:38PM
@24 - It brings a smile to my face just thinking about that episode - two egg mayonnaise, a prawn Goebbels, a Hermann Goering and four Colditz salads".
Posted by guest , Feb 02, 2009 7:40PM
@13, no.
Posted by guest , Feb 02, 2009 7:44PM
And for all those who missed it:
http://www.youtube.com/watch?v=1k7U-_tJVmw
Posted by guest , Feb 02, 2009 8:54PM
Since we are talking about Germans, here's one more:
http://www.youtube.com/watch?v=vlmGknvr_Pg
Posted by guest , Feb 02, 2009 8:57PM
@20, the really interesting thing is, how high the percentage of derivatives marketers across the street are ex-strippers
Posted by guest , Feb 02, 2009 10:23PM
you can blame all the idiots who were at lehman for this.
Posted by guest , Feb 03, 2009 2:37PM
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