Deutsche Bank Raises Co-CEO Jain’s Total Compensation 53%
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Deutsche Bank AG, Europe’s biggest investment bank by revenue, raised the total compensation of Anshu Jain and Juergen Fitschen by 53 percent each for their first full year as co-chief executive officers.
Jain, 51, and Fitschen, 65, were each paid 2.3 million euros ($3.2 million) in salary last year, an increase of 26 percent from 2012, while bonuses surged 69 percent to 5.17 million euros apiece, according to a report on the Frankfurt-based bank’s website today. Most of the bonus payments were “restricted equity awards,” which almost tripled to 3.53 million euros, it said.