Ex-Deutsche Bank Executives Waive $45 Million in Outstanding Bonus Pay
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Ten former and one incumbent executive board member of Deutsche Bank AG agreed to waive 38.4 million euros ($45 million) of bonus payments as part of a deal with the German lender related to fines it had to pay for past misconduct.
The lender said it won’t hold the management board members liable as part of the deal, which also includes them receiving 31.4 million euros in bonuses, according to a statement Thursday from the lender. There’s insufficient evidence for actionable damage claims against the members, the bank said.