September 4, 2012
Deutsche Bank to Clawback Stock Bonuses From Former Jobs
– Broc Romanek, CompensationStandards.com
Last week, a big deal was made of Deutsche Bank being the first global bank to implement clawbacks for bankers that enable it to take back unvested shares that newly hired senior staff received in exchange for stock earned at another job. Here’s some articles:
– Reuters’ “Deutsche Bank to Claw Back Stock Bonuses From Former Jobs”
– Financial Times’ “Deutsche Bank turns screw on bonuses”
– Dow Jones’ “(Deliberately) missing the point in the debate over bonuses“