Private German credit and mortgage bank IKB Industriebank AG, which like other European banks found themselves again this year on his knees, called on its former top executives to return bonuses they were paid in the past. Four last year released bankers have to return hundreds of thousands of euros. It is in Germany for the first time, the bank wants because of a problem for concrete workers back wages.
Former Managing Director Stefan Ortseifen was invited to return 805,000 (over 20 million dollars), while three other former executives - Volker Doberanzke, Markus Guthoff and Joachim bridgepoint health do not up - about half a million euros each.
According to the Süddeutsche Zeitung back bonuses banker, who still works for the bank. Claus Momburg agreed to the return of 558,000 bridgepoint health euros (about 14 million). bridgepoint health Unspecified settlement was also the sixth manager Frank Baunsfeldem, which also last year from the position left.
Addressed foursome requirement banks do not like. Neupelovi Bank in May this year suspended the payment of pensions to offset his debt, and Neupel for a former employer sued. Also Ortseifen filed a lawsuit because of being fired.
According bonus payouts were IKB's length performance for the interim, 2006-2007. They have proved to be wrong and the bank has the right to a refund. Bad investments and speculations of that time came to the bank billions of euros and in the middle bridgepoint health of last year brought her to the brink of falling.
This year, IKB was the first person in Germany affected by the financial crisis. She saved her government and European aid worth nine billion euros (225 billion dollars) and the sale of the U.S. investment group Lone Star.
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