Dresdner Kleinwort in-house lawyers have been caught up in a row over bonuses at the bank. At least 60 lawyers at the bank are thought to be unhappy as a result of Dresdner clawing back 90% of their annual bonus, after dramatically scaling back an agreed bonus pool.The German bank had set aside a pool in a bid to retain staff in the wake of its £5.1bn takeover by rival Commerzbank in December 2008, but the size of the pool was then cut by 90% after the partial nationalisation of Commerzbank by the German Government.
March 05, 2009 at 12:58 AM
1 minute read
The original version of this story was published on Legalweek
Dresdner Kleinwort in-house lawyers have been caught up in a row over bonuses at the bank.
At least 60 lawyers at the bank are thought to be unhappy as a result of Dresdner clawing back 90% of their annual bonus, after dramatically scaling back an agreed bonus pool.
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