SEC Form 20-F - Deutsche Bank Annual Report 2012

Deutsche Bank
Annual Report 2010 on Form 20-F
Item 6: Directors, Senior Management and Employees 110
The severance payment mentioned before is determined by the Supervisory Board in its reasonable discretion.
In principle, the disbursement of the severance payment takes place in two installments; the second installment
is subject to certain forfeiture conditions until vesting.
Expense for Long-Term Incentive Components
The following table presents the compensation expense recognized in the respective years for long-term incentive
components of compensation granted for service on the Management Board.
Members of the Management Board Amount expensed
in € 2010 2009
Dr. Josef Ackermann 2,822,092 2,013,402
Dr. Hugo Bänziger 710,357 810,967
Michael Cohrs 1,2 1,610,543 –
Jürgen Fitschen 2,3 399,153 –
Anshuman Jain 2,3 2,227,846 –
Stefan Krause 2 529,864 –
Hermann-Josef Lamberti 729,448 902,559
Rainer Neske 2,3 399,153 –
1 Member of the Management Board from April 1, 2009 until September 30, 2010.
2 No long-term incentive component was granted before 2009 for service on the Management Board.
3 Member of the Management Board since April 1, 2009.
Employees
As of December 31, 2010, we employed a total of 102,062 staff members as compared to 77,053 as of December
31, 2009. We calculate our employee figures on a full-time equivalent basis, meaning we include proportionate
numbers of part-time employees.
The following table shows our numbers of full-time equivalent employees as of December 31, 2010, 2009 and 2008.
Employees 1 Dec 31, 2010 Dec 31, 2009 Dec 31, 2008
Germany 49,265 27,321 27,942
Europe (outside Germany), Middle East and Africa 23,806 22,031 23,073
Asia/Pacific 17,779 16,518 17,120
North America 2,3 10,811 10,815 11,947
Central and South America 401 368 374
Total employees 3 102,062 77,053 80,456
1 Full-time equivalent employees; in 2010, the employees of Kazakhstan previously shown in Asia/Pacific were assigned to Europe (outside Germany), Middle East
and Africa; numbers for 2009 (6 employees) and 2008 (6 employees) have been reclassified to reflect this.
2 Primarily the United States.
3 The nominal headcount of The Cosmopolitan of Las Vegas is 4,147 as of December 31, 2010 and is composed of full time and part time employees. It is not part of
the full time equivalent employees figures.