Former board members including ex-chief executive John Cryan enjoyed a fat payday from Germany's biggest lender Deutsche Bank in 2018 despite leaving under a cloud, the firm's annual report showed Friday. The booted-out bosses raked in a total of almost 24 million euros ($27.1 million) from their former employer.
Cryan, the crisis firefighter who ran the troubled bank from May 2015 to April 2018, grabbed a golden parachute of 8.7 million euros after leaving the lender in the red for three successive years. Deutsche also paid him 2.2 million euros of compensation for a time-limited clause in his contract blocking him from working for a competitor, as well as 1.9 million for just over three months of work during the year.
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