CEO Sewing Vows To Invest 25% Of Salary In Deutsche Bank Stock As Selloff Deepens

Free Speech Website Management

Deutsche Bank CEO Christian Sewing must be getting pretty desperate.

Sewing

Christian Sewing

Two days after unveiling the grand ‘restructuring’ plan that was supposed to save DB and assuage investors’ concerns about the bank, DB stock is back near its all time lows after sliding for two days. The weakness in the shares suggests that either investors are second-guessing Sewing’s vision, or perhaps they have simply become desensitized to the troubled German lender’s promise.

DB

Regardless of what’s driving it, the selloff has prompted Sewing to step in. As a gesture of his commitment to turning Deutsche around, Sewing pledged on Tuesday to invest 25% of his salary in DB stock – effectively pulling a ‘Musk’ (buying to restore confidence and calm a selloff), albeit on a much smaller scale.

Unsurprisingly, the gesture had little impact on DB shares, which continued to trade lower (though they were off their lows of the session).

Maybe markets would feel better if Sewing promised to take 100% of his compensation in stock.


This post has been republished with permission from a publicly-available RSS feed found on Zero Hedge. The views expressed by the original author(s) do not necessarily reflect the opinions or views of The Libertarian Hub, its owners or administrators. Any images included in the original article belong to and are the sole responsibility of the original author/website. The Libertarian Hub makes no claims of ownership of any imported photos/images and shall not be held liable for any unintended copyright infringement. Submit a DCMA takedown request.

Read the original article.

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Weekly Newsletter SignupTop 5 Stories of the Week

Subscribe to our newsletter to receive a weekly email report of the top five most popular articles on the Libertarian Hub!