Deutsche Bank shaves Ackermann pay to €10m

Josef Ackermann, chief executive of Deutsche Bank, was paid just over €10m ($13m) last year, including a cash bonus of €5m and share-based awards of €3.9m. The bank's board of managing directors shared a total of €25.1m in pay and perks.

His total remuneration, disclosed in the bank's annual report today, is €1m less than the €11m he received last year as the highest paid chief executive in Germany.

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