Company
Deutsche Bank: Ex-boss pays
A single Interview will cost the former boss of Deutsche Bank, Rolf Breuer, now at 3.2 million euros. Not a little – but in comparison with the damage that it should have at that time done: Peanuts.
3.2 million euros of private funds will pay Rolf Breuer at his former employer, Deutsche Bank. It is, as Statements by Breuer in an Interview in the year 2002, by the Bank, a significant damage has occurred.
The former head of Deutsche Bank at the time had questioned the credit rating of the media company Kirch. Two months later, the Kirch group was broke. The company’s founder, Leo Kirch made Breuer, his life-long responsible. The media entrepreneur, sued the Bank, there is a long dispute followed a year.
Billion Bankruptcy
Deutsche Bank paid the Kirch heirs, and finally, two years ago, in a comparison of 925 million Euro. The company’s founder, died in 2011. The Kirch group was one of the largest media corporations in Germany. Among other things, included TV channels such as SAT1 and Pro Sieben or the pay-TV broadcaster Premiere World to the composite. In the bankruptcy process, it finally went to receivables from five billion euros.
Leo Kirch: Saw his group driven into bankruptcy
Except for now, known payment, Deutsche Bank is obtained, apparently, from the Manager of insurance of their former Chairman of the Board, by a consortium led by Zurich and the Alliance of around 90 million euros. Both comparisons must be of the annual General meeting of the Bank in may approved. In the invitation it is, Breuer pay “without prejudice or recognition of a legal obligation”. He continue to believe, to have its obligations does not hurt.
A method
For Breuer, the subject of the Church is not finished with the comparison, but still. The former Bank chief, together with his successor Josef Ackermann, the President of the Co-chief Jürgen Fitschen and two other Ex-managers in April 2015 before the court. All have tried to the satisfaction of the Munich public Prosecutor’s office, to disguise the truth about the Bankruptcy of the Kirch group.
ar/bea (dpa, reuters, afp)