Yes folks, Deutsche Bank has become the first global bank to introduce
rules allowing it to strip staff of bonuses they earned at previous employers,
the Financial Times reported on Monday.
The 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, the FT said.
The rule is described by pay consultants, cited by the
newspaper, as unusual -- if not unique -- in the banking world, but could turn
into a blueprint for rivals…..
http://in.reuters.com/article/2012/08/26/deutschebank-idINL5E8JQ9EA20120826
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