By Douwe Miedema and Sarah White
LONDON Feb 8 (Reuters) – Germany’s Deutsche Bank
will defer any partial of an employee’s reward above
200,000 euros ($264,800) this year, a source tighten to a bank
said, creation it a latest attention actor to extent compensate in the
face of extreme critique of a industry.
Any staff with a reward during or next a limit would see
half of it in cash, and half of it in equity shares that they
can sell in August, a source said.
“Anything above that is paid in deferred compensation,” the
source said. The deferred apportionment will also be half money and
half shares, and will be paid out over a duration of 3 years
in equal annual installments, commencement in 2013.
The
Article source: http://www.reuters.com/article/2012/02/08/deutsche-bonuses-idUSL5E8D88B220120208
