The former boss of Deutsche Bank, John Cryan, has received for the involuntary change of management, a severance payment in the millions. According to the annual report of the Bank, the severance payment amounts to about 8.7 million euros. Cryan was from mid-2015 until 8. April 2018 at the top of the Deutsche Bank.
His successor, Christian Sewing has received, according to the annual report for his work in the past year, a total of 7 million euros. He did not this Time due to the achieved profit on his Bonus. The Board members get together to 55.7 million euros from your employer transferred after the Supreme management body had received three years of no Bonus. Top earners in the active management Board of the Bank 2018 Garth Ritchie, head of the investment Bank, and at the same time, one of the two Deputy Sewings. The South Africans got almost nine million euros, compared with expenses for his retirement. This was mainly due to the fact that he got extra money as a top-Brexit officer of the Bank.
In its approximately 90,000 employees, the Bank pays for the previous fiscal year, a total of 1.9 billion euros in bonuses. For 2017, the workforce, which was at the time, but still a lot bigger to get to 2.3 billion euros.
in addition to the severance Cryan got for the last few months in office, in addition, a remuneration in the amount of almost 1.9 million Euro. Thus, Cryan does not change in a certain period of time to a competitor, he has to get beyond a contractually agreed compensation in the amount of 2.2 million euros.
Cryans payment from the previous year, which is distributed to the part, but only in the coming years, adds up to a total of 12.8 million euros. For the years 2015 to 2017 he had received a remuneration of a total of a little more than nine million euros. So he comes to a total compensation of just under 22 million euros, or the equivalent of about 21,600 euros per day in the office.
Cryan was at Deutsche Bank in April 2018 under increasing pressure: a number of international legal disputes impacted the company, leading to billion in payments for fines and compensations.