FRANKFURT - Deutsche Bank investor Riebeck-Brauerei plans to file a motion seeking a vote to oust the bank’s chairman Paul Achleitner at this year’s annual general meeting, a lawyer for the shareholder said on Thursday.
Bayer said that he planned to file the motion for his client in the next week. Riebeck-Brauerei is an investment company which has a small shareholding in Deutsche Bank.The disaffection with Achleitner comes as Germany’s largest bank has begun talks to merge with Commerzbank. Last year, Riebeck-Brauerei filed a similar motion to oust Achleitner, prompting Deutsche to issue a statement supporting the chairman for his “comprehensive personal and professional skills and integrity”.
Well, Achleitner is a sad example for a manager who doesn‘t perform, makes mistake after mistake but still can increase his salary.
Bank and people on personal distortion love working to tachometer favorite and application gets to understand
Time to revisit the likely why of this move.
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