Berlin - As he could only have come so far? Hypo Real Estate CEO Georg Funke (53) nearly drove his bank into bankruptcy.
It needs to be rescued with public and private funds in the amount of € 50 billion before the bankruptcy. Through the HRE debacle has fully caught the international financial crisis now Germany.
Not only in Tokyo and New York stock exchanges went on descent, and the German DAX index crashed yesterday. Many are now demanding that spark must vacate his seat. He is said to have hidden billions of holes in the HRE - and so have brought the first rescue package to burst.
Finance Minister Peer Steinbrueck (SPD) is pissed off at Sparks: "I get a thick neck, if the debt is to be deported to the policy." Another collaboration with the HRE's management was "unthinkable".
Chancellor Angela Merkel agreed: "Those who have made irresponsible business will be held accountable. That will ensure the federal government. "Today, Merkel wants to make a policy statement on the financial crisis. According to Steinbrueck, the situation remains "highly dangerous".
In banking circles, the Funke's resignation was only a matter of time. Also HRE supervisory board chairman Kurt Viermetz will räumen.Funke his place, millions of manager - he rakes in a huge salary. But over the impending bankruptcy of his bank, he was silent until the last spark, according to annual Drücker.2007 earned almost 1.9 million euros. Person may receive a pension of 60 a pension proud of € 560,000 per year. Stand back, he volunteered, he probably still get a rich severance.
Then can at least be liable to do? No. Unlike in America, in Germany, managers do not adhere with their private assets for wrong decisions in Job.t.
