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Deutsche Bank Rejects Reinvigorating Retention Bonuses

  • It unveiled the awards in 2017 to keep key talent from leaving
  • But part of the awards hinge on a stock price that’s tumbled
Deutsche Bank AG Said to See Mid-Year Merger If Turnaround Fails
Photographer: Krisztian Bocsi/Bloomberg

Deutsche Bank AG is rebuffing pressure from top performers to restructure retention bonuses after the awards tumbled in value last year and opened the way for more defections, according to people familiar with the matter.

The bank told key staff in recent weeks it won’t make any changes to the program, which began in 2017, the people said, asking not to be identified because the talks were private. Senior executives including Mark Fedorcik, co-president of the investment bank, have sought to retool the bonuses after the share price slid far below the level needed for full payout, the people said. Some employees have been weighing career options, worried a potential merger with Commerzbank AG might crimp their future compensation.