In light of the difficult situation at Deutsche Bank, a member of the bank’s management board is campaigning for a new freeze on bonuses for top management.
“If we aren’t paying our shareholders a dividend, our own bonuses must be up for debate,” Christian Sewing, head of private, wealth and commercial clients division, told the Bild newspaper. But the decision would be up to the supervisory board, not the management board, he added.
This spring, the bank’s top leadership had already unanimously relinquished claims to variable compensation for 2015. Deutsche Bank had reported a record loss of €6.8 billion ($7.7 billion) and canceled its dividend in the last fiscal year.