Top Firm Pays $3bn In Bonuses To 'Risk Takers'

Deutsche Bank published its first ever Group Remuneration Report Tuesday. The report has been published in order to provide transparency on employee compensation.

Here's some of the information which came out of the report and the 2009 year-end accounts:

The bank's 8-member executive board received $53.3m in compensation for their work last year, almost nine times what they made in 2008.

CEO Josef Ackerman was paid over $13m, with global markets chief Anshu Jain bagging $10.7m, and head of global banking Michael Cohrs getting $4.41m.

Some $15.5bn was paid out in compensation by Deutsche for last year (up 18% on 2008), with employees over at the corporate and investment banking division averaging $296,000 each. 39.2% of unit revenues were paid out in compensation.

The bank said that it paid $3.01bn in bonuses out to staff who conducted 'high risk' business, although the bank didn't define what 'high risk business' actually was.

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