Deutsche Bank Slammed For Golden Parachutes

Credit: Wochit
Published on July 10, 2019 - Duration: 00:32s

Deutsche Bank Slammed For Golden Parachutes

Deutsche Bank is being slammed for paying out millions to departing senior managers.

The German bank's turbulent 14 months culminated in 18,000 jobs being cut across its offices from Sydney to New York.

Deutsche Bank's severance payments started with John Cryan, the former CEO getting nearly a €11 million pay off.

After that six more board members left, cashing in on at least €41 million according to the Financial Times.

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