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Bonus Watch ’13: Deutsche Bank

The good news: there will still be bonuses this year, which is something. The even better news, for the tantric bonus fans among us: it’ll be a while before you see it all.

Deutsche Bank plans to tell employees it will impose a 300,000-euro ($409,000) cap on bonuses paying out this year, said three people with knowledge of the discussions. The cap, which will apply across the company, may be relayed to employees next week, said the people, asking not to be identified because the plans are private. Senior staff, or what the bank calls “regulated” employees, will receive as much as 150,000 euros in cash, with the balance available in shares in August, the people said…The bank had a cap on immediate payouts of 200,000 euros last year, people familiar with the matter said.

Deutsche Bank Said to Limit Immediate Bonuses to $409,000 [Bloomberg]

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9 Responses to “Bonus Watch ’13: Deutsche Bank”

  1. guest says:

    Sign me up!

    -Sting

  2. Guest says:

    If the report is accurate and the entire balance of the bonus comes in August (i.e. 6 months from now), DB bankers should be ecstatic. Vesting period almost everywhere else for non-cash comp is 3-5 years.

  3. guest says:

    "Deutsche Bank plans to tell employees it will impose a 300,000-euro ($409,000) cap on bonuses paying out this year…"

    Come to work for us – no caps on how much you make! There is no question as to whether or not you'll become a millionaire working here. The only question is how many times over.

    -JT Marlin recruiter

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