What are they doing about it? Considering their options, that’s what.
According to people familiar with the matter, a number of employees — including some of the bank’s most talented and highest-paid people — are feeling that they aren’t being fairly compensated for their work in helping the bank weather the financial crisis without having to be bailed out by the German government.
Sources said the frustration has the potential for creating a real headache for CEO Josef Ackermann, who runs the risk of losing talent in the bank’s trading operation, which is considered the second-most profitable behind Goldman Sachs. One group of bond traders that has already left over pay includes Jerry Cudzil and David Malvern, who were part of a team that took over a book of business from Deutsche Bank’s former head of credit trading, Boaz Weinstein.
Apparently management thinks it’s paying its employees just fine but is the victim of “an unusual wave of poaching from rivals like Morgan Stanley, Citigroup and Credit Suisse.”
Just don’t mention the war!
@1 too soon
Citi? Paying people? In USD?
I love the tag – especially the “DB doesn’t need any of you!”
@TC they fooled you too
Bloody Americans. They’ll be demanding Waldorf Salads in the cafeteria next.
For some reason your history books don’t recall the country’s activity between 1933-1945…
At least you fuckers don’t work at UBS. I have been underpaid before the fucking shit hit the roof. I can only afford a Columbus circle condo and an apartment in the fucking Hamptons.
UBS Analyst
UBS Sucks.
@6 and I suppose you Royal Bank of Scotland Models and Bottles droppers are that much better? I assume you are a yellow-toothed chubby limey. I believe your models of whining like a little bitch until Labour reduces Bonus taxes is your strategy?
At least you malcontents didn’t have 66% of your incentive compensation deferred, without vesting, for three freak’in years.
The god damn Germans got noth’in to do with it!
-Sheriff Justice
@8….”shit” hits the fan first…then it hits the ceiling or whatever. lt’s not let our anger fuck up our metaphors.
Who among us will be the firt to claim “Repo 105″ as their “log in” name???
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Credit Suisse swallows
@14 go kill yourself,,loser
@14 – Kill yourself PLEASE (you forgot to say please @16,lol)
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Wow Bess…fellow tribeswoman, could you puh-lease kick @14/18 outta here? That or break a Sedar plate over his skull.
They’re going to feel even more unappreciated when the banking system finally collapses and the U.S. Dollar is virtually worth nothing.
However, they do have a case, with movements like these it’s no wonder the morale in banks are quite low.
Try working for a Landesbank. Those Germans really need to learn how to use grease when they do stuff like that.
@19 I am a Juden myself so therefore I can make all the anti-juden remarks that I so please
@22 not in a public website you can’t. as if we can verify your religious belief. regardless, even anonymous posters are bound by the TOS of this website. yes, rules apply to all.
Just give Anshu a ring – he’ll sort everything out for you
Please remove the Credit Suisse comment. It is offensive.
-Also a member of the Tribe.
All I vant is a unit – Pay Me Za Unit!
This old song is as predictable as Bubba driving his chevy pickup straight into Hick’s Creek after demolishing his 35th Milwaukee’s Beast of the morning.
Yet all these spinless stiff analysts with lapel mikes and transmission feeds to CNBC & BB always get it wrong. “We foresee widespread consolidation in the banking and asset management sectors.”
Well, big banks now pay on par with manager positions at Rent-A-Center. Look for a heightened diaspora of starting lineup bankers to smaller shops on the upswing.
Does anyone ever get kicked for ripping on ethnic groups other than jews on this site? Getting tired of having to visit Clusterstock for my daily anti-black ravings.
http://www.pehub.com/66024/kkr-files-for-nyse-listing/
About fucking time.
-LEH CFO
Sometimes I take a break and roam the hallways of my building spouting things about Mormons that bother me.
-Camus Shamoo
@28 PLENTY of comments are left up about Jews. Also, you visit Clusterstock? And publicly admit that? Evaluate your life.
What did @14 or @19 say? Can someone give me the censored version?
TC – if your reference is what I think it is, you are my new favorite commenter
@32 – Based on the story one would assume it involves Jews, Nazi’s, Deutsche Bank, and maybe Hitler. Step your game up.
@33 – What else could it possibly be? See responses #5 and #6.
Oh dear. Those mass graves of downed allied pilots can’t be good for business.
Anyone smell coffee?
… anyone smell coffee?
@14 & @ 19 – Graduate of Deutsche Bank’s Prestigious Schutzstaffel Program
@14 & @ 19 – Graduate of Deutsche Bank’s Prestigious Schutzstaffel Program
We did not start it!
Yes you did, you invaded Poland!
V’at ‘appen’? Zere iz nosin’ like SocGen biin’ poachid…
@41 – there is too much butter on those trays.
…two Herman Goerings and a side of Goebbels.
@ 41 & 43
Yeah, we get it already!
“I killed four men.”
“He was in the Catering Corps. He used to poison them.”
@ 45 – and your point is?
@40 Graduate of Deutsche Bank’s Dubious Doppel Clikken Programme
There was a story at DB about 12 years ago. I was there at the time. They recruited someone from another bank for a senior trading role and initially he said yes to a 2 by 2. Then he called back to say that his family were very upset due to persecution that they had suffered in Germany during WW2. DB countered with another 500K/Year and he took the offer.
I worked with the subject of this story and it might be true or possibly the MD who told me the story just did not like this new guy and wanted to spread false dirt.
Credit Swiss swallows
The only thing that pisses me off anymore about the Holocaust, outside of the millions of deaths and torture and complete moral repugnance of the situation, is that you can’t make jokes about it.
I really don’t see how that is fair at all. You could be sitting around telling a joke about a Black Korean Democrat Spic Wasp Female Gay Pedophile Abortionist Banker and everyone would be on board, but once the Jews come up, the entire bar goes silent.
And, yes, I examined my motives.
@51 The thing about a “joke” is, it’s “funny.”
@52 please advise Dane Cook.
@51 – Are you referring to me?
Dennis Kneale
@51 Perhaps it’s not the Holocaust; perhaps it’s just that you’re not funny.
AB – just making sure. Unfortunately, not a lot of people are familiar with the show.
TC – you rock!
33
@56 – I, however, cannot see a garden gnome without thinking about ramming it up an Irishman’s buttocks.
http://www.youtube.com/watch?v=yfl6Lu3xQW0
What’s that?
It’s just a garden gnome, that I cracked.
What a load of crap! It’s not a gnome! It’s a hippie. He’s killed a hippie, everybody!
Shut up!
Oh Neil, Neil, orange peel. If only I could see you again.
@ 47 The “point” being I’m a humor snob.
TC made a witty reference to a German Bank “Just dont mention the war” It was clever and subtle. Those people who got it got it. But not content to simply appreciate the joke you proceded to regurgitate all the Fawlty Towers quotes you could think of without any rhym or relevance, as if to say – Hey I got your joke!
So to answer your question – that is the point.
…Yes, I’m a pedantic a-hole.
and you’ll have to sew ‘em back on first!
“some of the bank’s most talented”. Are you talking about the janitors?
“some of the bank’s most talented”. Are you talking about the janitors?
My heart goes out to you Johnette both for the loss of your son Simon and your dear husband too. I send you hugs and praerys, and lift you up to Jesus for great comfort, and Mary too as she so much understands your deep loss.I just lost my dear Mother in Nov 2011, and my heart is broken. I feel your sorrow. There is nothing that can take away the terrible loss we feel when we lose the ones we love.So please know I am thinking of you and lifting you to Mary to hold you close to her heart, as that is where I ask her to hold me too everyday so I can be as strong as she was as she had to let her dear Son go. As I face my deep sorrow, and you continue to face your deep sorrow, know our Mother of Sorrow is with you and holds you close to her heart. The sorrow never goes away, as you know, but the Hope for their life with Jesus now brings us comfort. Peace and love to you dear sweet Johnette. You are a gift to all of us from God. Much love. Sharon Stiles
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