Bonuses despite billion dollar losses – Deutsche Bank reveals a crazy system
– –
Status: 12:04 p.m. | Reading time: 2 minutes
Deutsche Bank again makes billions in losses
– – Deutsche Bank recorded a loss of 5.7 billion euros for the past year. While revenues fell again, costs rose to more than 25 billion euros, among other things due to the restructuring of the group. – –
– Deutsche Bank reports a billion dollar loss – for the third time in five years. But while shareholders suffer, management is rewarded with millions of bonuses. That is not in the interest of the owners. – – – OThere is no doubt that being the head of Deutsche Bank is hardly subject to amusement tax. In the past year and a half Christian Sewing may have felt his salary to some extent as compensation for pain and suffering. The pressure on him from investors and supervisors was as high as the public criticism that was pounding against him due to the persistent misery of his institute. But even if the management makes every effort: The success has so far been lacking. For 2019, the institute had to report the third billion loss within five years. This is a tragedy for the shareholders: Not only that the papers are barely worth anything and their shares have been watered down due to numerous capital increases. The shareholders hardly get any dividends.
– – – – –
– – – – – – ,
