Deutsche Bank and Fellow Board Members

CEO Josef Ackermann: Today, for instance, he did what would have been unbearable for most: He announced that he and his fellow board members would forgo their bonuses for the last fiscal year, according to Deutsche Welle. Cryan is a fighter, an optimist. Whereas the overly self-confident former CEO Josef Ackermann revered Deutsche Bank as a kind of Holy Grail, Cryan has taken a more humble approach. But he also cleaning house with vigor. Rock bottom Only a few numbers are needed to portray the depth of the disaster Deutsche faces: $24 billion, $17 billion and $16 billion . Those are the full-year profits raked in by US banks JP Morgan, Citigroup and Bank of America. Because for Deutsche Bank, there no other option. (news.financializer.com). As reported in the news.