Josef Ackermann or failure in management: Chefspielchen to the bitter end



Previous PartNext part



We are moved by the idea to make the world of work more human - without constant pressure for efficiency, stress and fear. As Publisher Best of HR - Berufebilder.de® with podcast, eLearning-on-demand offers and news service we share 15 years of experience with our customers (Samsung, Otto, state institutions). By the Top20 female blogger and consultant Simone Janson, referenced in ARD, ZEIT, Wikipedia .
Copyright: Artwork created as part of a free collaboration with Shutterstock. Picture also from 360b.

Josef Ackermann is described by companions as vain. This vanity may also explain in part why his departure from Deutsche Bank was so bumpy. Because Ackermann could live a life without ChefI just do not imagine it.

Josef Ackermann or failure in management: Chefspielchen to the bitter end josef-ackermann

Tip: Text as PDF or podcast (please read the instructions!) or to this text complete eCourse Download. Regular promotions or news per Newsletter!


More knowledge - Podcast, PDF download, eCourse or personal advice

Here writes for you: Carsten Knop is an economics editor at the Frankfurter Allgmeinen Zeitung. Profile

From the author:

Best of HR Berufebilder

Read


Best of HR Berufebilder

Read


Best of HR Berufebilder

Read



Our books

Read


Best of HR Berufebilder

Read


Best of HR Berufebilder

Read


Without me? Inconceivably!

Overview

The relationship between Josef Ackermann and his two successors Anshu Jain and Jürgen Fitschen is still tense today. Ackermann wanted to replace Axel Weber as his successor instead of their already rather the former Federal Bank president.

Tip: Text as PDF or podcast (please read the instructions!) or to this text complete eCourse Download. Regular promotions or news per Newsletter!

But Weber preferred the chairmanship of the Swiss UBS. When the decision was taken for the double top of Jain and Fitschen then the Deutsche Bank was still inconceivable without him even for Ackermann.

In the end, only resignation remained

Overview

He would have assumed the chairmanship of the supervisory board, which is, however, frowned upon for reasons of good corporate governance, because the predecessor not only controls his successors but also his legacy.

A quarter of the shareholders would have had to agree to a direct change from the Executive Board to the Supervisory Board. This vote, however, became increasingly unlikely, so Ackermann refrained from doing so.

Bad timing

Overview

The decision was announced by the bank on 14. November 2011 with. On the same day, the public prosecutor's investigations and searches in connection with a statement of Ackermanns were known in the process, which led the then late former media entrepreneur Leo Kirch against the Deutsche Bank. Worse, the timing for the announcement of Ackermann's farewell could not have been any worse.

Tip: Text as PDF or podcast (please read the instructions!) or to this text complete eCourse Download. Regular promotions or news per Newsletter!

That's the way it should go. In the weeks leading up to Ackermann's later departure from Zurich Insurance, he was also on the supervisory board of the German model company Siemens.

Is the call ruined first ...

Overview

There, the replacement of former CEO Peter Löscher was highly controversial. The dissonances in the old board around Löscher also led to conflicts and intrigues on the supervisory board.

Ackermann lavierte around: As a deputy chairman of the Supervisory Board Gerhard Crommes, he himself had allegedly ambitions to replace the weakened boss. Of course everything was denied - both the goal as such and everything else. In any case, Ackermann had also ruined his reputation with Siemens.

Micromanagement is boring

Overview

Towards the end of his time at Deutsche Bank, Ackermann admitted openly that "micromanaging" had not irritated him in the end. Instead, he traveled around the world incessantly; his interlocutors were not just customers of the bank, but above all politicians.

Tip: Text as PDF or podcast (please read the instructions!) or to this text complete eCourse Download. Regular promotions or news per Newsletter!

Ackermann made no secret of his joy over this international prominence. One thing is clear: Ackermann, not the first alpha animal in the economy, has missed the right time to stop. He had already announced 2007 to want to stop in a few years, expressly without switching to the Supervisory Board of the bank. He wanted to pass on experiences, he reasoned at that time: "At the university or maybe in the social sphere."

From Sprinter to Sprinter

Overview

In his youth the Swiss possessed scientific inclinations; Interest in these topics was still present in mature years. He remained faithful to this plan for a long time. In January 2009 Ackermann said at a late hour shortly before the end of the former World Economic Forum in Davos, his retirement planning is fixed.

He has many plans; the first farewell gifts were already coming in. So he reported on a present from the German sprinter Armin Hary, which had moved him. In addition one must know that Ackermann was an enthusiastic athlete in his young years and the career of the approximately eleven years older Hary certainly pursued exactly. Anyway, Hary had left him a book with a meaningful dedication: "From Sprinter to Sprinter."

The perfect time for the finish?

Overview

Back then, Ackermann and his audience knew that Hary had run too far too early in his athletic life. But they did not know that Ackermann would miss the perfect time to finish in the months that followed.

Tip: Text as PDF or podcast (please read the instructions!) or to this text complete eCourse Download. Regular promotions or news per Newsletter!

He also let pass the opportunity to say goodbye to the impression that Deutsche Bank was brilliantly guided by the financial crisis. His injury time is not good for Ackermann - neither in Germany nor in Switzerland.

There Ackermann had to take his hat as Chairman of the Board of the Zurich Insurance Group, after the former chief financial officer Pierre Wauthier had committed suicide. In a farewell letter Wauthier Ackermann had accused, he had put him under pressure.

Self interest and arrgoganz

Overview

However, later investigations have shown that no "undue pressure" was exerted on Wauthier. Ackermann had always denied the charge anyway If he now reads negative lyrics about himself, he may think sometimes of Armin Hary, the once fastest man in the world and Olympic champion of Rome:

Even then, Hary experienced what athletes today meet under the heading of general suspicion. He was met with doubt, mistrust and rejection. Self-interest and arrogance were accused of Hary. However, Hary is the last German and last European to hold the 100 Meter World Record.

Tip: Text as PDF or podcast (please read the instructions!) or to this text complete eCourse Download. Regular promotions or news per Newsletter!

To be a boss is to communicate

Overview

If a person is not at the end of his career, but rather enters the role of the CEO, he usually has no time to slowly grow into his new job. A good communications chief can do many things, but the CEO, the strategy and the communication of a company must fit together in every way - also permanently.

For example, the book "The CEO Navigator" 5 tries to answer the question as to how a CEO and his or her environment can best respond to this challenge. The author Jan Hiesserich, an employee of Germany's most successful strategic communications consultancy Hering Schuppener, attempts to provide the clearest possible instructions, which - as is so often the case with counseling books - initially sound common sense - but in practice are anything but trivial.

After all, how many CEOs realize in the final analysis that they also have to define themselves in the function of a communicator and have to reconcile this role with the strategy of their company?

Failure preprogrammed

Overview

The alternatives are early failure or greater business success, and associated better overall return on capital and equity. However, the latter succeeds only if the strategy suits the CEO and if the strategy can also communicate conclusively to all stakeholders.

Tip: Text as PDF or podcast (please read the instructions!) or to this text complete eCourse Download. Regular promotions or news per Newsletter!

If, for example, the chief executive officer likes to play the role of a world banker or a tech-savvy engineer, but in fact a restructuring is required, the situation for both the Company as well as the boss awkward.

Requirements for modern CEOs

Overview

More than ever before, a CEO must certainly, more than ever, keep an eye on the socio-political consequences of acting on behalf of the company he manages, regardless of whether he has been hired as a savior, innovator, or preserver.

In addition, the capital market also has enormous demands on the CEO and his communications. The public perception of the person has a direct influence on the valuation of the company: Investment decisions are heavily influenced by the image investors have of the respective CEO. His profile in the media is crucial. He has to succeed in relieving opposition through targeted communication, opening up room for maneuver, and taking the stakeholders' interests seriously in their interests.

Tip: Text as PDF or podcast (please read the instructions!) or to this text complete eCourse Download. Regular promotions or news per Newsletter!


More knowledge - Podcast, PDF download, eCourse or personal advice

Overview


Offline download: Download this text as PDF - Read usage rights, Because we do not automatically submit the title of this text for privacy reasons: When buying in "interests" the title register if support is needed. After buying text exclusively Download at this URL (please save).

3,35 Book now


Listen to Podcast & Download MP3: You can listen to this text for free, as member even without annoying popup, or download the MP3 for a fee - Read usage rights, After the purchase page refresh, then you will find the download link here. Because we do not automatically submit the title of this podcast for privacy reasons: When buying in "interests" the title register if support is needed.

3,35 Book now


Your eCourse on Demand: Choose your personal eCourse on this or another desired topic, As a PDF download. Up to 30 lessons with each 4 learning task + final lesson. Please enter the title under "interests". Alternatively, we are happy to put together your course for you or offer you a personal regular eMailCourse including supervision and certificate - all further information!

16,20 Book now


Consultant packages: You want to increase your reach or address applicants as an employer? For these and other topics we offer special Consultant packages (overview) - For example, a personal phone call (price is per hour).

149,99 Book now


occupations pictures

You want to comment here? Please the Debate Rules comply, contributions must be unlocked. Your eMailAddress remains secret. More information on the use of your data and how you can counter this can be found in our Privacy Policy.

  1. To follow debate on this post
  2. All debates follow
  3. Debates per eMail subscribe (add link here!)
  1. Competencepartner

    Josef Ackermann or failure in management - 2 / 2: Chef's game to the bitter end: Josef ... - Exciting contributionwPD5Wjx1iN #Profile #Development

  2. firm-job

    Josef Ackermann or failure in management - 2 / 2: Chef's game to the bitter end: Josef Ackermann is ... - Exciting contributioncjzi1hoklS

  3. Thomas Eggert

    Josef Ackermann or failure in management - 2 / 2: Chef's game to the bitter ... via PROFESSIONAL PICTURES - Exciting contributiondJRJ3KuLAd

Post a Comment

Your email address will not be published. Required fields are marked with * .

JaI would like to be regularly informed about the latest promotions & offers Newsletter be informed.

I hereby accept the Debate Rules and the Privacy policy with the possibility to contradict the use of my data at any time.