Anshu Jain, co-CEO of Deutsche Bank, has, reportedly, asked for a EUR2 million pay cut, in order to be paid the same amount as fellow co-CEO Juergen Fitschen.
At the beginning of 2012, Jain is said to have asked the supervisory board not to be paid parts of his bonus for 2012.
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Prior to becoming co-CEO, Jain was head of investment banking at Deutsche Bank untill June 2012.
Jain, reportedly, insisted on having the same pay as Fitschen.
Jain and Fitschen would get EUR4.8 million each for 2012, docking pay after the bank was forced to restate its earnings due to additional legal provisions.
Supervisory board Chairman, Paul Achleitner, said at the time the board deemed it a good idea for both co-CEOs to have equal pay.
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By GlobalDataFor 2011, Jain received EUR9.8 million and Fitschen EUR4.2 million in variable and fixed pay, and long-term incentives.
