Deutsche Bank Faces Investor Backlash Over 21% Chairman Pay Rise to €1.15 Million
Updated
Updated · Bloomberg · May 28
Deutsche Bank Faces Investor Backlash Over 21% Chairman Pay Rise to €1.15 Million
1 articles · Updated · Bloomberg · May 28
Deutsche Bank’s annual general meeting drew investor criticism over a proposal to raise Supervisory Board Chairman Alexander Wynaendts’ fixed pay by 21% to €1.15 million.
The plan would also add up to €250,000 in extra compensation for chairing two supervisory board committees, where no separate payment was previously made.
The pushback centers on the size of the increase and the new committee fees, putting the lender’s board pay policy under scrutiny at the shareholder meeting.
With Deutsche Bank's profits at a record high, why are investors calling its chairman’s proposed pay raise 'too much'?
Does the backlash over executive pay signal a wider crisis of confidence in Germany's corporate governance model?