Morale Inside Deutsche Bank Is Pretty Scheiße Right Now - Dealbreaker

Morale Inside Deutsche Bank Is Pretty Scheiße Right Now

Deutsche Bankers are feeling die Götterdämmerung.
Author:
Updated:
Original:

Quick rule of thumb: If you're going to deal away last year's bonuses in order to pay out a legal settlement for something that happened before most of your current employees got there, be up front about it. Or at least don't cut a quiet deal with the C-Suites to make them whole while letting the rank-and-file fume, and then start telling everyone that everything is going back to normal like they're idiots.

Cryan.CalmDown

Deutsche Bank knows what we're talking about.

From the front lines:

Rumour that near 70% of MDs: (a) got significant retentions, (b) are exempt from zero bonuses or (c) are on guarantees. Same rumour is that 20% of Ds got a retention of approximately 1-2 months of salary as a "retention" (which will pay out in 2023) and no notable guarantees or exemptions. Senior MD (himself on a multi year guarantee) in Europe actually stated - twice - in a town hall this week that DB "will pay market" next year - insane thing to say unless of course he is able to cash in on his guarantee by then! Trust is irrevocably destroyed between employees and senior managers.

Autsch!

Related

Cryan.CalmDown

Deutsche Bank Now Suffering The Indignity Of Watching Senior People Risk Career Suicide By Defecting To Credit Suisse

It's starting to dawn on Deutsche Bank that senior executives are pretty keen on - like - getting bonuses or whatever.

Deutsche.BJs

Bonus Watch '19: Deutsche Bank Unsubtly Telling Deutsche Bankers That Their Enmity Is Mutual

We're no math geniuses, but can Deutsche Bank cut bonuses back from nothing?

PaulAchleitner

Drama-Thirsty Deutsche Bank Chairman Expresses Love For John Thain, And Quality Seamen

Paul Achleitner is really enjoying day one of life after Johnny Cryin, while Deutsche Bankers remain angst-ridden.

CryanBonusPool

Bonus Watch '17: Deutsche Bank Bonus Pool More Like A Sad, Shallow Shower Puddle Of Bonuses

Deutsche Bank's mismanagement of this year's bonus season is like a new form of performance art.

Cryan.Dante

Deutsche Bank Survivors Now Devoting Their Lives To Saving The Next Generation From Deutsche Bank

Even John Cryan would be hard-pressed to disagree that working at Deutsche Bank is bad for you.

CryanBonusPool

Deutsche Bank Admits That Sometimes It Feels Like It's Still Living In The Hellscape Of 2015

John Cryan explains why Deutsche Bank missed huge again, and ponders the existence of joy.