Connect with us

Hi, what are you looking for?

Capital Business
Capital Business

World

Deutsche Bank boss sparks spat with remarks on women

FRANKFURT, Feb 7, 2011 – The head of Germany\’s largest bank, Deutsche Bank, has caused a row by saying that appointing more women to its executive board would make it "prettier and more colourful," a press report said Monday.

Amid a debate on whether Germany should set quotas for women on the boards of major groups, Josef Ackermann acknowledged there were none on the bank\’s executive committee, a subordinate body to the board of directors.

"But I hope it will be prettier and more colourful one day" when more women are named, business daily Handelsblatt quoted Ackermann as saying.

Ilse Aigner, the conservative German minister for agriculture and consumer affairs, shot back in the newspaper, saying: "Those who like pretty and colourful things should go take a walk in a field of flowers or a museum."

Deutsche Bank\’s chief spokesman said Ackermann\’s remarks had been taken out of context and that he was "a gentlemen from the old school."

Germany\’s ruling coalition is divided on the idea of introducing quotas to correct a flagrant under-representation of women on corporate boards, an option both Chancellor Angela Merkel and Ackermann oppose.

Women represent 44.3 percent of all Deutsche Bank staff but only 16.1 percent of senior managers, Handelsblatt said.

Click to comment
Advertisement

More on Capital Business

Executive Lifestyle

NAIROBI, Kenya, Mar 12 – The country’s super wealthy individuals are increasing their holding of bonds, gold and cash, a new report by Knight...

Ask Kirubi

NAIROBI, Kenya, Mar 9 – Businessman and industrialist Dr. Chris Kirubi has urged members of the public to exercise extreme caution when making any...

Ask Kirubi

NAIROBI, Kenya, Mar 24 – Businessman and industrialist Dr. Chris Kirubi is set to own half of Centum Investment Company PLC, following a go-ahead...

Ask Kirubi

It is without a doubt that the COVID-19 pandemic has caught the whole world by surprise. Although its full impact is yet to be...

Headlines

NAIROBI, Kenya, Mar 18 – Commercial Banks have been ordered to provide relief to borrowers on their personal loans, with loans eligible from March...

Kenya

NAIROBI, Kenya, Jun17 – Kenya’s tea leaves manufacturer Kericho Gold, has been awarded the Superbrands Seal by Superbrands East Africa for their quality variety...

Coronavirus

NAIROBI, Kenya, Apr 13 – As the local telecommunications industry gears up to roll out 5G networks in the country, the Communications Authority of...

Coronavirus

NAIROBI, Kenya, Mar 22 – Airtel Kenya is offering free internet access for students in order to enable continued learning at home in the...