By Nicholas Comfort and Ambereen Choudhury, Bloomberg News
Deutsche Bank AG’s mounting legal costs led to open conflict on the supervisory board, with the deputy chairman publicly criticizing another member, Georg Thoma, of going too far in probing potential wrongdoing.
“Thoma increasingly faces criticism for his overzealousness and judicial self-fulfillment,” Alfred Herling, a labor representative on the 20-member supervisory board, was cited as saying by Frankfurter Allgemeine Sonntagszeitung. “He is overshooting by calling for ever broader investigations and deploying even more lawyers.”
Deutsche Bank Chairman Paul Achleitner, who has known Thoma for decades, tapped the Shearman & Sterling LLP ...
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