Deutsche Bank Offers Pre-Tax Profit Based Compensation to Board Members
Deutsche Bank Offers Pre-Tax Profit Based Compensation to Board Members

The Deutsche Bank in Germany released its annual report on Tuesday, proclaiming that it had increased the salaries and bonuses of its employees in 2009, in view of its remarkable profits obtained during the year.

Deutsche's corporate and investment bank witnessed a pre-tax profit worth 4.3 billion Euros in 2009.

The total compensation given to board comprising 8 members came out to be EUR38.98 million in 2009, as compared to a total of EUR4.48 million, in 2008.

Among the board members maximum amount was received by Chief Executive Officer Josef Ackermann. The amount was EUR9.55 million.

Following that, Anshu Jain, head of global markets, received EUR7.79 million while his corresponding person Michael Cohrs, head of global banking, was given EUR3.22 million.

Other board members including Chief Financial Officer Stefan Krause, received EUR4 million, per head.

The bank shared that it looks forward to strengthen the management board's salaries and bonuses, even more in the upcoming years. It also said that it seeks to yield a pretax profit of EUR10 billion by 2011.

The bank is confident of being secured from the impending regulations that may restrain its proprietary trading ventures.

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