, Columnist
Deutsche Bank’s $11 Million Men
With questions around capital, Cryan needs investors onside
This article is for subscribers only.
Investment banking, the saying goes, is a business run by employees for employees -- often at the expense of shareholders.
Deutsche Bank's co-CEO John Cryan, who faces a potentially hostile annual meeting on Thursday after a hefty loss last year and warnings that 2016 won’t be much better, is trying to change that. He's scrapped 2015 bonuses for his 10-member management board as an example “vis-a-vis society”, in his words.