Deutsche Bank chair faces shareholder reckoning CGAThompson gfhay
Deutsche Bank investors will have the chance to vote to remove Chairman Paul Achleitner at an annual general meeting on May 23, according to a prospectus released on April 11.Bayer shareholders cast a vote of disapproval on April 26 against the German drugs group’s top management amid a stock-price slump caused by cancer litigation risks from Monsanto, which it bought last year for $63 billion.
A 55.5 percent majority of shareholders at its annual general meeting voted against ratifying the executive board’s actions over the last year. The firm’s supervisory board gained only 66.4 percent support. Such ratifying votes feature prominently at every German AGM. They carry no legal weight but are an important gauge of investor sentiment. Deutsche Bank’s co-chief executives resigned in 2015 weeks after gaining only 61 percent support.
Despite the votes of disapproval, two leading Bayer shareholders spoke out on April 29 against immediate management changes.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
German bank merger crumbles as Deutsche Bank tie-up talks with Commerzbank endDeutsche Bank and Commerzbank abandoned their merger talks on Thursday, with the...
Baca lebih lajut »
Deutsche Bank focused on solo destiny after Commerzbank deal demiseWithin hours of the collapse of merger talks with Commerzbank, Christian Sewing ...
Baca lebih lajut »
Deutsche Bank and Commerzbank merger talks collapseMerger talks between Germany's top two lenders, Deutsche Bank and Commerzbank, have ended in failure.
Baca lebih lajut »
Deutsche Bank Cuts Revenue Target a Day After Merger Talks FailDeutsche Bank cut its full-year revenue target to “essentially flat” from 2018 in quarterly results, a day after saying it ended merger talks with smaller rival Commerzbank.
Baca lebih lajut »
Deutsche Bank and Commerzbank call off merger talksDiscussions between Germany’s two biggest listed banks end in failure
Baca lebih lajut »
Deutsche Bank and Commerzbank merger talks are expected to fail: sourceMerger talks between Deutsche Bank and Commerzbank are expected to end in failur...
Baca lebih lajut »
Deutsche Bank, Commerzbank Merger Talks Hit Stumbling BlocksMerger talks between Deutsche Bank and Commerzbank have gotten bogged down over questions ranging from a lack of investor support to opposition from powerful labor unions.
Baca lebih lajut »
Deutsche Bank Deal Talks With Commerzbank Break DownBanking giant Deutsche Bank and crosstown rival Commerzbank ended merger talks, leaving in tatters the German government’s hope to shore up both banks and create a banking powerhouse.
Baca lebih lajut »
Deutsche Bank and Commerzbank dispute origins of merger talksDeutsche Bank and Commerzbank on Friday offered differing accounts of who initia...
Baca lebih lajut »
Deutsche Bank chair against strategy change at investment bank: FTDeutsche Bank Chairman Paul Achleitner told the Financial Times that Germany&03...
Baca lebih lajut »