ft.com - 12/27/2008
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reacted angrily on Friday after Germany’s senior Protestant bishop accused Josef Ackermann, its chief executive, of turning money-making into a form of “idolatry”. In a rare and testy public exchange between a prominent German financial institution and a religious leader, Deutsche Bank dismissed ...
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German Protestant Bishop accuses Deutsche Bank of idoltry
Corrente —
Deutsche Bank rejects church charge
In a rare and testy public exchange between a prominent German financial institution and a religious leader, Deutsche Bank dismissed as “inappropriate” the remarks by Bishop Wolfgang Huber, chairman of Germany’s evangelical church council. ... Read more…
Deutsche Bank rejects church charge
Democratic Underground Latest Breaking News —
... interview published on Christmas Eve, as well as the substance of the censure. Speaking to the Berliner Zeitung newspaper, Bishop Huber argued that bankers had a duty to look beyond the short term and to ensure stability: Never again should a Deutsche Bank chief executive set a profit goal of 25 per cent. Such goals drove up profit expectations to unsustainable levels and amounted to a form of idolatry, he said. In the current circumstances, money has become a god. Read more: http://www.ft.com/cms/s/0/9b0453f6-d37c-11dd-989e-00007...
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