Deutsche Bank

Running Out of Patience

Achleitner finger mouth dpa
A busy day ahead for Paul Achleitner.
  • Why it matters

    Why it matters

    Deutsche Bank needs to deliver on its promises to cut costs and increase returns or it may face a shareholder revolt.

  • Facts

    Facts

    • Deutsche Bank’s shares lost 24 percent of their value in 2014.
    • As part of the new strategy unveiled in April, co-CEOs Mr. Jain and Mr. Fitschen decided to preserve Deutsche Bank as a global universal bank.
    • The bank’s leverage ratio is relatively low, at 3.5 percent in 2014, but management aims to increase it to at least 5 percent by 2020.
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    Audio

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Paul Achleitner is calm, softly-spoken and diplomatic.

That helps him as chairman of Deutsche Bank’s supervisory board, the non-executive committee that hires and fires chief executives and confirms management decisions.

Mr. Achleitner also sets great store by being prepared for the meetings he chairs. He tries to resolve disputes in advance, if he sees trouble ahead with major investors.

This year, that strategy didn’t get him very far.

Thursday’s annual meeting of shareholders is more likely to be chaotic, full of angry shareholders criticizing the bank’s co-chief executives, Anshu Jain and Jürgen Fitschen.

Many influential major investors intend to withdraw their support for the co-CEOs and issue a formal disapproval of the actions of the management board.

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