Deutsche Bank Spied on Board Members and Shareholder

Oh dear lord:

An investigation commissioned by Deutsche Bank has revealed that Germany’s largest bank spied on several of its management board members, supervisory board members and on at least one shareholder. The 150-page report was prepared by legal firm Cleary Gottlieb Steen & Hamilton.
Like Deutsche Telekom and Deutsche Bahn, which have also been hit by internal snooping scandals, it seems that Deutsche Bank also succumbed to a mixture of paranoia and megalomania.
Leading executives at the bank hired external “specialists” to solve their security problems — some of them real, some of them imagined — and those specialists in some cases resorted to dubious methods.

It’s 2009. Do they really think this will never come to light?

Posted by on July 7th, 2009 at 8:46 am


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