Deutsche Bank to introduce bonus rules
August 27 , 2012
Deutsche Bank has become the first global bank to introduce rules allowing it to strip staff of bonuses earned at previous employers, according to a report in the Financial Times
The new rules will enable Germany's biggest bank to take back unvested shares that newly hired senior staff received in exchange for stock earned at another bank.
Pay consultants have described the move as “unusual” but could provide a blueprint for rivals.