« Relative Strength By Industry Group | Main | Pro Golfers and Amateur Investors »

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 edelfenbein at July 7, 2009 8:46 AM