Paul Achleitner

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Achleitner during the World Economic Forum 2012

Paul Michael Achleitner (born September 28, 1956 in Linz , Upper Austria ) is an Austrian bank manager. Since 2012 he has been Chairman of the Supervisory Board of Deutsche Bank .

Life

Paul Achleitner comes from a middle-class background in Upper Austria. His father was a clerk at a regional bank, his mother a housewife. At the age of 17, Paul Achleitner lived in the US state of Michigan for one year . After graduating from high school , he studied law and social sciences from 1976 to 1980 on a scholarship at the University of Economics and Social Sciences in St. Gallen (since 1994 University of St. Gallen ). His father died during his studies at the age of 48. The family made it possible for Paul Achleitner, who was the first to study in the family, to continue his studies. Achleitner worked as a research assistant worked and worked on 1979-1981 by the European Foundation for Management Development funded research project European Societal Strategy Project ( 'European project for social strategy') by Igor Ansoff at the European Institute for Advanced Studies in Management in Brussels. The Harvard Business School became aware of him through a research article and invited him from 1982 to 1984 as a visiting fellow . In 1985 he was in St. Gallen with doctoral thesis on multinational enterprises Socio-political strategies doctorate . There were indications of an academic career until the Boston consulting firm Bain & Company him as a consultant (Consultant) recruited for strategic business consulting.

At Bain & Company he worked as a management consultant from 1984 to 1988 . From 1988 to 1994, he worked in various positions at the investment bank Goldman Sachs in the areas of mergers & acquisitions (M&A) and investment banking. In 1994 he became a partner of the Goldman Sachs Group and managing director of the German branch of the investment bank. In 2000 he moved to the Board of Management of Allianz AG (since 2006 Allianz SE ). There he was responsible for the finance and investments department. With his appointment as Chairman of the Supervisory Board of Deutsche Bank on May 31, 2012 (elected until 2022), he resigned from the Board of Management of Allianz.

In addition to corporate mandates at Deutsche Bank, Achleitner holds supervisory board mandates at Bayer AG (since April 2002; elected until 2022) Template: future / in 2 yearsand Daimler AG (since 2010, elected until 2020). Since April 30, 2001, he has been a member of the Shareholders' Committee of Henkel AG & Co. KGaA, which replaces the Annual General Meeting in addition to the Supervisory Board . He was a member until his resignation from the Supervisory Board of RWE AG on April 18, 2013, whose chairmanship he declined at the end of 2011. As Chairman of the Supervisory Board of Deutsche Bank, Achleitner received an annual fixed salary of EUR 800,000 in 2016 and 2017; in 2018 this rose to EUR 858,333. Together with the supervisory board positions at Bayer and Daimler, he is said to have been the top earner among Germany's supervisory board chairmen with a total of 1.18 million euros in 2017.

Achleitner taught at the Vienna University of Economics and Business from 1988 to 1999 . In 2001 he was appointed honorary professor at the WHU - Otto Beisheim School of Management in Vallendar , after having been an external lecturer for International Mergers & Acquisitions there from 1999 , where he holds the investment banking lecture . Achleitner was a member of the government commission on the German Corporate Governance Code from 2002 to 2009 . From 2015 to 2019 he participated in the annual Bilderberg conference and is a member of the leadership committee.

Since 1994 he has been married to the German economist Ann-Kristin Achleitner (* 1966 as Koberg), whom he met while studying in St. Gallen. The couple, who live in the Bogenhausen district of Munich , have three children.

Fonts

Achleitner has published in well-known national and international magazines, among others. A selection of his publications (sorted by year):

  • Legal and economic assessment of banking secrecy in Austria, Germany and Switzerland (= quarterly series ; Issue 3/1981). Published by the Austrian Research Institute for Savings Banks. Sparkassenverlag, Vienna 1981, 98 pages.
  • with Harry Igor Ansoff : The importance of sociopolitical strategies . In: Harvard Manager , Vol. 5, Issue 4, 1983, pp. 74-82.
  • Socio-political strategies of multinational companies (= publications of the University of St. Gallen for economics and social sciences: series of publications . Volume 13). P. Haupt, Bern / Stuttgart 1985, ISBN 3-258-03490-7 (also: Dissertation, University of St. Gallen, 1984).
  • Evaluation of acquisitions . In: Arnold Picot , Andreas Nordmayer, Peter Pribilla (eds.): Management of acquisitions . Schäffer-Poeschel, Stuttgart 2000, ISBN 3-7910-1660-1 , pp. 93-104.
  • with Tilo Dresig: company valuation, market-oriented. In: Wolfgang Ballwieser , Adolf G. Coenenberg , Klaus von Wysocki (eds.): Concise dictionary of accounting and auditing (= Encyclopedia of Business Administration . Volume 8). 3rd, completely revised and expanded edition. Schäffer-Poeschel, Stuttgart 2002, ISBN 3-7910-8046-6 , Sp. 2432-2445.
  • with Daniel Wichels: Farewell to "Deutschland AG" . In: Jürgen Krumnow , Ludwig Gramlich , Thomas A. Lange, Thomas M. Dewner (Eds.): Gabler Bank Lexikon . 13th completely revised and expanded edition. Gabler Verlag, Wiesbaden 2002, ISBN 978-366-30765-1-3 , pp. 661-664.
  • with Daniel Wichels: Management of capital market expectations . In: Bernhard Ebel, Markus B. Hofer (eds.): Investor Marketing . Gabler Verlag, Wiesbaden 2003, ISBN 3-409-12199-4 , pp. 51-62.

Awards

criticism

In April 2018, the magazine Der Spiegel sees Achleitner as the main reason for the decline of Deutsche Bank. Among other things, he pursued the search for a new chairman in a "amateurish" manner.

Web links

Individual evidence

  1. ^ Winand von Petersdorff: Paul Achleitner - Der Aufseher . In: Frankfurter Allgemeine Sonntagszeitung , November 20, 2011, accessed on April 27, 2019.
  2. ↑ a b Paul Achleitner . In: Munzinger , accessed April 27, 2019.
  3. ^ A b Uwe Jean Heuser : Paul Achleitner: The bank is his fate . In: Die Zeit , No. 21/2016, May 12, 2016, edited online on May 28, 2016, accessed on April 27, 2019.
  4. ↑ a b Hon.-Prof. Dr. Paul Achleitner . Website of the WHU - Otto Beisheim School of Management , accessed on April 27, 2019.
  5. ↑ Cf. u. a .: Nicola Berg : The European Societal Strategy Project (1982) . In: Dies .: Public Affairs Management: Results of an empirical study in multinational companies . Gabler, Wiesbaden 2003, ISBN 3-409-12387-3 , pp. 48-49 (also dissertation, University of Dortmund, 2002).
  6. ↑ Cf. u. a .: Nicola Berg: The study of socio-political strategies by Achleitner (1985) . In: Dies .: Public Affairs Management: Results of an empirical study in multinational companies . Gabler, Wiesbaden 2003, ISBN 3-409-12387-3 , pp. 50-52 (plus dissertation, University of Dortmund, 2002).
  7. ↑ Supervisory Board . Deutsche Bank website , accessed April 27, 2019.
  8. ↑ The Supervisory Board of Bayer AG: Dr. Paul Achleitner . Bayer AG website , accessed April 27, 2019.
  9. ↑ Dr. Paul Achleitner . Daimler AG website , accessed April 27, 2019.
  10. ↑ Shareholders' Committee on the Henkel AG & Co. KGaA website , accessed on April 27, 2019 (with CV: Prof. Dr. oec. HSG Paul Achleitner . PDF; 133 kB).
  11. ↑ Dietmar Student: Achleitner cancels RWE . In: Manager Magazin , December 21, 2011, accessed April 27, 2019.
  12. ↑ These are the highest paid corporate guards . In: Spiegel Online , April 26, 2018, accessed April 26, 2018.
  13. ↑ Remuneration of the members of the Supervisory Board for the 2018 financial year . In: Annual Report 2018 . Deutsche Bank, p. 216 ( PDF ).
  14. ↑ Record remuneration for supervisory board members - but bosses earn up to 30 times more . In: Manager Magazin , April 26, 2018, accessed April 27, 2019.
  15. ↑ WHU: Honorary Professorship for Dr. Paul Achleitner . WHU press release from Informationsdienst Wissenschaft , March 29, 2001, accessed on April 27, 2019.
  16. ^ Former members of the government commission . Website of the Government Commission on the German Corporate Governance Code , accessed on April 27, 2019.
  17. ^ Bilderberger Participants 2016. In: Bilderberg Meetings. Foundation Bilderberg Meetings, accessed on July 19, 2020 .
  18. ^ Bilderberger Participants 2017. In: Bilderberg Meetings. Foundation Bilderberg Meetings, accessed on July 19, 2020 .
  19. ^ Bilderberger Participants 2018. In: Bilderberg Meetings. Foundation Bilderberg Meetings, accessed on July 19, 2020 .
  20. ^ Bilderberger Participants 2019. In: Bilderberg Meetings. Foundation Bilderberg Meetings, accessed on July 19, 2020 .
  21. ↑ Bilderberger STEERING COMMITTEE. In: Bilderberg Meetings. Foundation Bilderberg Meetings, accessed on July 19, 2020 .
  22. ↑ Andrea Rexer: Against the cliché of the walkers. In: Süddeutsche Zeitung. November 26, 2014, accessed April 14, 2018 .
  23. ↑ Martin Dowideit, Sebastian Ertinger : The Achleitner couple: The Germany flat share . In: Handelsblatt , December 14, 2012, accessed on April 27, 2019.
  24. ↑ Sebastian Jost: Mighty important . In: Die Welt , June 14, 2015, accessed on April 27, 2019.
  25. ↑ List of all decorations awarded by the Federal President for services to the Republic of Austria from 1952 (PDF; 6.9 MB)
  26. ↑ Paul Achleitner is the Austrian living abroad in 2013 . nachricht.at, September 6, 2013. Accessed September 10, 2013.
  27. ↑ Tim Bartz, Martin Hesse: The last contingent . In: Der Spiegel . No. 16 , 2018, p. 70-72 ( online ). ( Full text from Spiegel Online , April 16, 2018, accessed April 27, 2019.)
personal data
SURNAME Achleitner, Paul
ALTERNATIVE NAMES Achleitner, Paul Michael (full name)
BRIEF DESCRIPTION Austrian business manager
DATE OF BIRTH September 28, 1956
PLACE OF BIRTH Linz , Upper Austria