German government vetos changes to Commerzbank bonus scheme

April 30, 2015 2:46 PM

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BERLIN, April 30 (Reuters) - The German finance ministry said on Thursday it had rejected proposals for a new bonus scheme that could earn top performers at Commerzbank triple their basic pay.

The government, which controls 17 percent of the voting rights for the 2014 financial year, said in a statement that it had voted against the bonus scheme at Commerzbank's annual general meeting.

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