--- title: Even This Big Banking Executive Thinks Bankers Make Too Much Money description: John Cryan, the co-CEO of Deutsche Bank, says he thinks bankers are paid too much, and that the bonus structure needs to be changed. authors: - name: Denver Nicks url: https://money.com/author/denver-nicks/ at_money_since: 2015 articles: 60 covers: - Banking - Business - Career Advice - Credit Cards - Economy and Politics - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Personal Finance - Pets - Retirement - Shopping - Taxes social: - https://x.com/DenverNicks - https://plus.google.com/105122198911201917932 former_staff: true published: '2015-11-24T18:19:12.000Z' modified: '2015-11-24T18:19:12.000Z' section: Banking tags: - banker pay - Banking - bonuses - Deutsche Bank - finance - John Cryan - stock market - wall street word_count: 227 canonical: https://money.com/deutsche-bank-banker-salaries-bonuses/ type: Article source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. 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[Learn more](https://money.com/page/disclaimer/). ![John Cryan, CEO of Deutsche Bank AG (German Bank).](https://img.money.com/2015/11/494844812.jpg) *John Cryan, CEO of Deutsche Bank AG (German Bank), during the press conference in Frankfurt.* The co-CEO of Deutsche Bank, Germany’s biggest bank, [said Monday](http://www.bloomberg.com/news/articles/2015-11-23/deutsche-bank-co-ceo-cryan-says-bankers-are-still-paid-too-much) that bankers are paid too much and bonuses need to be restructured to encourage sound, long-term investing strategies over short term growth. “Many people in the sector still believe they should be paid entrepreneurial wages for turning up to work with a regular salary, a pension and probably a health-care scheme and playing with other people’s money,” co-CEO John Cryan said at a conference in Frankfurt. “There doesn’t seem to be anything entrepreneurial about that except the compensation structures.” Cryan said he’s skeptical that giving more money to already very wealthy people motivates them to work harder. “I don’t fully empathize with anyone who says they turn up to work and work harder because they can be paid a little bit more,” he said, “but that may be a personal view. I’ve never been able to understand the way additional excess riches drive people to behave differently.” Cryan even took a shot at his own compensation package, which hasn’t been disclosed, saying he promised not to work any more or less because of his bonus offerings, Bloomberg Business reports. The comments come just weeks after Cryan, now five months into his job, said staff bonuses need to also reflect the cost of the fines levied on the firm for misconduct rather than mere short-term success. \[[Bloomberg Business](http://www.bloomberg.com/news/articles/2015-11-23/deutsche-bank-co-ceo-cryan-says-bankers-are-still-paid-too-much)\] ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/deutsche-bank-banker-salaries-bonuses/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Banking", "item": "https://money.com/banking/" }, { "@type": "ListItem", "position": 3, "name": "Banks", "item": "https://money.com/banks/" }, { "@type": "ListItem", "position": 4, "name": "Even This Big Banking Executive Thinks Bankers Make Too Much Money" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/deutsche-bank-banker-salaries-bonuses/#webpage", "url": "https://money.com/deutsche-bank-banker-salaries-bonuses/", "name": "Even This Big Banking Executive Thinks Bankers Make Too Much Money", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2015-11-24T18:19:12.000Z", "mainEntity": { "@id": "https://money.com/deutsche-bank-banker-salaries-bonuses/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/deutsche-bank-banker-salaries-bonuses/#breadcrumb" }, "dateModified": "2015-11-24T18:19:12.000Z" }, { "@type": "Article", "headline": "Even This Big Banking Executive Thinks Bankers Make Too Much Money", "articleSection": "Banking", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2015/11/494844812.jpg", "width": 594, "height": 396, "caption": "John Cryan, CEO of Deutsche Bank AG (German Bank)." } ], "author": [ { "@type": "Person", "name": "Denver Nicks", "url": "https://money.com/author/denver-nicks/", "@id": "https://money.com/author/denver-nicks/#author", "image": "https://img.money.com/2012/09/09_1165862081.jpg?quality=85&w=640&h=640&crop=1", "sameAs": [ "https://x.com/DenverNicks", "https://plus.google.com/105122198911201917932" ] } ], "publisher": "https://money.com/#organization", "datePublished": "2015-11-24T18:19:12.000Z", "description": "John Cryan, the co-CEO of Deutsche Bank, says he thinks bankers are paid too much, and that the bonus structure needs to be changed.", "abstract": "John Cryan, the co-CEO of Deutsche Bank, says he thinks bankers are paid too much, and that the bonus structure needs to be changed.", "@id": "https://money.com/deutsche-bank-banker-salaries-bonuses/", "inLanguage": "en-US", "dateModified": "2015-11-24T18:19:12.000Z", "wordCount": 227, "keywords": [ "banker pay", "Banking", "bonuses", "Deutsche Bank", "finance", "John Cryan", "stock market", "wall street" ], "about": [ { "@type": "Thing", "name": "Bank", "sameAs": [ "https://en.wikipedia.org/wiki/Bank" ] } ] } ] } ```