As part of an attempt to cut costs, none of the top brass at Deutsche Bank will make anymore than 9.85 million euros this year, because the company has placed a cap on pay. But, like, what if it hadn't, man?
...a new disclosure shows corporate and investment bank head Jeff Urwin may be worth more compensation than co-Chief Executive Officer John Cryan. Urwin’s theoretical “maximum” pay under the bank’s formula is 13.2 million euros ($15 million), higher than Cryan’s 12.5 million euros by the same measure, the Frankfurt-based bank said in a statement Thursday. Neither will actually receive those amounts, as compensation for management board members is capped at 9.85 million euros for 2016.
As you were.