November 24, 2015 9:35 pm Bonuses don’t make bankers work harder, says Deutsche’s John Cryan James Shotter in Frankfurt, Laura Noonan in London and Ben McLannahan in New York. ©Reuters John Cryan For most leaders, admitting they do not understand something is a no-no. But notDeutsche Bank’s new co-chief executive John Cryan — at least when it comes to the bonus culture and his own pay packet. “I have no idea why I was offered a contract with a bonus in it because I promise you I will not work any harder or any less hard in any year, in any day because someone is going to pay me more or less,” he told a conference in Frankfurt. He then went on to say that he cannot understand why people who are already over-paid would work any harder for a bonus. London bankers have as one would expect taken umbrage.