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(Disclaimer: I am writing about 0.1% of Americans/Germans, not about 99.9%. And I assume you do to.) > So next time someone tells you that american banks are r
by binarray2000 10y ago
(Disclaimer: I am writing about 0.1% of Americans/Germans, not about 99.9%. And I assume you do to.)
> So next time someone tells you that american banks are responsible for screwing up the world. Point them at the Germans and the Swiss :)
Yes, that sounds plausable when we read the OP. And I am not here to defend Germans, but the largest shareholder of DB are Americans at BlackRock:
https://www.db.com/ir/en/shareholder-structure.htm https://www.db.com/ir/en/shareholder-structure.htm
(6.05% held by BlackRock Inc., New York)
- prostoalex 10y agoBlackRock is a provider of financial instruments (such as popular iShares ETFs) http://quicktake.morningstar.com/fundfamily/blackrock/0C000034YC/fund-list.aspx http://quicktake.morningstar.com/fundfamily/blackrock/0C0000... and is unlikely to call the shots at Deutsche beyond adhering to its voting guidelines during annual corporate elections.
- Ntrails 10y agoAs I understand it BlackRock signed up to the Stewardship Code - designed to ensure that asset managers take a role in the companies in which they hold significant interests. Ignoring/avoiding their responsibilities is not ok
- MagnumOpus 10y agoNo ETF or fund holder votes their proxy. So it falls to the Blackrocks, Vanguards and Fidelitys of the world to hold self-serving corporate boards to account.