Skip to comments.Deutsche Bank-er Explains Why He Committed Suicide
Posted on 03/25/2014 3:42:15 PM PDT by Nachum
The dismal list of financial executive deaths has recently increased to 11 in the last few months. Speculation has surrounded many of these deaths (and suicides) as to the reasoning; none more than the first - William Broeksmit, an executive who worked in Deutsche Bank's risk function and advised senior leadership who hanged himself in his South Kensington home in late January. However, as the WSJ reports, we now know why this poor man felt compelled to take his own life: he was "anxious about various authorities investigating areas of the bank where he worked" (and yes, we are well aware of the grammatical and temporal impossibilities suggested by this article's title).
While a Deutsche Bank spokeswoman said Tuesday that "Bill was not under suspicion of wrongdoing in any matter," according to statements read at a coroner's inquest in London, the former senior executive at Deutsche Bank, who committed suicide in late January, was concerned about investigations into the German bank.
William Broeksmit, an executive who worked in the bank's risk function and advised the firm's senior leadership, was "anxious about various authorities investigating areas of the bank where he worked," according to written evidence from his psychologist, given Tuesday at an inquest at London's Royal Courts of Justice.
Mr. Broeksmit, an American born in Chicago who retired from Deutsche Bank in February 2013, hanged himself at his London home on Jan. 26, according to a statement read at the coroner's inquest.
A close colleague of Deutsche Bank co-Chief Executive Anshu Jain, Mr. Broeksmit was expected to be appointed the bank's chief risk officer in 2012, but the move was vetoed by BaFin, the German financial regulator, because of a lack of suitable experience, people familiar with the matter
(Excerpt) Read more at zerohedge.com ...
Dead pool update...
Suicide is STILL a sad business, especially for his family and friends.
Pretty much sums it up...
If you have ever dealt with real auditors you know their job is to bayonet the wounded. If they do not take your scalp, they have failed.
Why does this ‘excuse’ remind me of that CIA explanation with cartoon of that plane that was shot down by a missile off the East Coast?
2015 You will now give loans to people who cannot pay them back
2017 You are now guilty of giving loans to people you knew could not pay them back
What could go wrong...
“Rule number one in business, to the very best of your ability always have a good relationship with auditors.”......
Rule number 2, never piss off an IRS agent.