Shareholders praise record profit, but criticize virtual general meeting

Deutsche Bank headquarters

Most shareholder representatives are satisfied with the business figures, but they criticize the virtual form of meeting and the institute’s auditor.

(Photo: dpa)

Frankfurt The resentment of small shareholders can be dangerous. For example, when you deal with the Deutsche Bank shareholder from Bavaria, who is annoyed that CEO Christian Sewing has not answered his questions about his everyday work.

The fact that the bank messed up the layout of his election proposals from his point of view does not improve his mood either. Paul Achleitner, the predecessor of the current chairman of the supervisory board, Alex Wynaendts, always answered his e-mails “reasonably”.

“Go to Austria to Mr. Achleitner, he was able to do it to some extent in the end,” recommends the older Deputy Chairman of the Supervisory Board Norbert Winkeljohann, who chaired the virtual general meeting of the bank this year. Then he holds the leader of the meeting a red card in the camera, which films him. Probably more painful for Winkeljohann: the older gentleman, who is connected from his apartment, insists that all the voting results of the shareholders’ meeting are read out in detail, instead of showing the figures to save time.

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