Deutsche Bank: banking group to increase the fixed wages of all its employees throughout the world

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22 January 2010 à 11h19

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2 minutes

Publication: 22 January 2010 à 11h19

Reading time: 2 minutes

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Administer the law while remaining competitive. Without confirming the figures given by the daily, a DB spokesman explained that the bank was currently revising its remuneration system and studying a new distribution between fixed and variable pay. The spokesman said that this new system should allow the bank to meet the requirements of the new law “on the conformity of board members’ income” (Gesetz zur Angemessenheit der Vorstandsvergütung) voted by the Bundestag in June 2009 (see our dispatch No. 090660) without weakening its position in the international race for best talents.
Publication

22 January 2010 à 11h19

Reading time

2 minutes

Publication: 22 January 2010 à 11h19

Reading time: 2 minutes

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on between fixed and variable pay. The spokesman said that this new system should allow the bank to meet the requirements of the new law “on the conformity of board members’ income” (Gesetz zur Angemessenheit der Vorstandsvergütung) voted by the Bundestag in June 2009 (see our dispatch No. 090660) without weakening its position in the international race for best talents.

Removing guaranteed bonuses. According to the Handelsblatt, fixed wages should substantially increase, up to 30%,...

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