Deutsche Bank’s Bonuses and the Key Questions Facing CEO Christian Sewing
- Sewing has vowed to pay investment bankers competitively
- The lender has lost more than a dozen top bankers since May
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As Deutsche Bank AG nears its end-of-year decision on bonuses, one question looms large for Chief Executive Officer Christian Sewing: How much can he afford to pay to keep top investment bankers?
Sewing may use performance-based pay to induce top rainmakers to stay as he seeks to defend businesses such as dealmaking and stock and bond issuance after big cutbacks elsewhere. But his pledge to reduce costs by $6.4 billion as part of his sweeping revamp limits how much he can shell out.