Referat Josef Meinrad Ackermann

Referat Josef Meinrad Ackermann

1 Content

Welcome to my presentation about Josef Ackermann. I will give you some personal data and talk about his private life, his education and his professional career, about memberships, projects and strategies, and honours and profits as well as about failures, scandals and headlines, Ackermann's salary and about the big question at the very end. If you have any questions, please feel free to ask me at the end of my presentation.

2 Personal data

Josef Meinrad Ackermann was born on the 7th of February, 1948 in Mels in Switzerland. His zodiac sign is aquarius, and his professional horoscope for the year 2006 is titled "struggle for survival", which seems to go on with his current situation..

3 Private life

Josef Ackermann was born as the son of a doctor. He is married to the Finn Pirkko MцlsÐ'. They are parents of Catherine, who was born in 1984.

The Ackermann family lives in Zurich at the golden coast of Switzerland, and they have a secondary and a tertiary residence in London and New York.

Ackermann is a colonel of the Swiss Army and an educated tenor who loves Mozart and Verdi. He plays the piano and supports the Zurich Opera with his private means. When he was young, he did javelin

4 Education

After his Matura, Ackermann started to study business and social sciences at the Swiss University of St. Gallen.

In 1973, he finished his studies with a degree in the field of "banking and finance".

After that, he worked as a scientific assistant in the study group for political economics at the University of St. Gallen.

In 1977, he did his doctorade with his dissertation over "the influence of money on the real economy", which brought him his degree of a doctor in business sciences.

5 Professional career

When he was a child, Ackermann earned his first money by collecting waste paper and selling june bugs.

In 1977, after having done his doctorade, he worked at SKA Credit Suisse Group, of which he became the president in 1993. Ackermann was responsible for the takeover of the Swiss mutual savings bank in the same year.

In 1996, he changed to the Deutsche Bank as a member of the board of directors.

In 1999, he integrated the US investment bank Bankers Trust and he became the successor of Rolf E. Breuer as Speaker of the Board in May 2002.

In February 2006, he also became the chairman of the board.

6 Memberships

But Ackermann does not only work for the Deutsche Bank. He is the second vice-chairman of the supervisory board of Siemens and member of the supervisory board of Bayer, Linde and Lufthansa.

He is a regular attendee of the Bilderberg Conference. The Bilderberg Conference is an annual invitation-only conference of around 130 guests, most of whom are persons of influence in business, academic, or political circles. Due to discussions being off-the-record, it is the subject of numerous conspiracy theories. The group meets annually, in secret, at five-star resorts throughout the world, normally in Europe, although sometimes in the United States or Canada. It has an office in Leiden, South Holland.

The "Bilderberg" title comes from what is generally recognized to be the location of its first official meeting in 1954--the Hotel de Bilderberg in Oosterbeek near Arnhem in the Netherlands. Although the conference is not officially regarded as a club of any sort, many members are regular attendees, and guests are often seen as belonging to a secretive Bilderberg Group.

Apart from that, Ackermann is a lecturer of the section of financial sciences at the Johann Wolfgang Goethe University in Frankfurt.

7 Projects and strategies

For the coming months and years Ackermann is expected to convert the management structure and assimilate it to the US-american role model.

Due to his personal background, the media presume that the head office of the Deutsche Bank might be relocated to Switzerland and that the Deutsche Bank might merge with a swiss major bank.

Though, for Ackermann the most important future markets are India, China and Poland.

He keeps appealing to German politicians to adapt the employment market and to simplify the German fiscal laws.

8 Honours and profits

In the year 2003, Ackermann reconstructed the Deutsche Bank: A boost of the annual net profit from 397 million Ђ up to 1.37 billion Ђ and an increase of the equity return up to 26 % p.a. by „smartsourcing". Smartsourcing means to cut down the number of employees in favour of more profit: Only in the year 2003, he reduced the number of employees from 77,442 to 67,682 - in the same year, his own benefits rose by 60 %.

In 2004, Ackermann was elected Germany's most attractive manager by the magazine „Wirtschaftswoche"

In the following year, Ackermann could note down a record-breaking profit of 3.8 billion Ђ which means a rise by 58 %. The Deutsche Bank was elected the „best bank of the year", and the affiliate DWS was elected the best investment company - for the past eleven consecutive years.

9 Failures

In 2005, Ackermann failed with his project to take over the German Postbank

His biggest problem is his image - often criticised by the German population, politicians, representatives of unions and even by other banks, he spends most of his time in London and New