Word: ackermanns
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...Fiat stock tumbled for a day last week after one of its biggest shareholders, Deutsche Bank, declined to put up fresh money for the beleaguered Italian automaker, which is asking shareholders for a capital increase. It was the latest sign of a policy shift by Deutsche CEO Josef Ackermann. For decades, Deutsche amassed a huge portfolio. But now Ackermann, who has been indicted for alleged breach of trust during Vodafone's 2000 takeover of Mannesmann, is selling; he wants to focus on traditional banking. Deutsche last year unloaded 33.7 billion worth of stock, including its entire 7.2% stake in insurer...
...CHARGED. JOSEF ACKERMANN, 54, chief executive of Deutsche Bank; with breach of trust after sanctioning more than $100 million in payments to departing executives of Mannesmann, including chief executive Klaus Esser, in the final days of its 2000 takeover by Vodafone Group; in D?sseldorf. According to Ackermann, the payments were awarded as part of severance pay. If found guilty, Ackermann could face up to 10 years in prison...
Former Cambridge mayor Barbara Ackermann echoed Graham’s sentiments...
...Ackermann says the development of community schools in the late 1960s and the expansion of the Red Line are two places where Duehay's approach...
...never quite sure who's going to come from behind," said "Inside Out" host Barbara Ackermann two days before the election. "It's a fun game...