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Bonus Watch '09: You Get Nichts

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No love from the Germans: second and third year Structured Products analysts at Deutsche Bank receiving stub bonuses in July are said to have gotten $0. And in a fit of perverse genius from the higher-ups, third years were promoted to associates and given zero increase in base. For their next trick, promotion to CEO, which, after the next set of salary caps, will mean clocking out at $35k.