Deutsche Bank tells its employees to stop hiring prostitutes

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Deutsche Bank tells its employees to stop hiring prostitutes

Postby delphyne » Fri May 02, 2008 10:54 am

They aren't allowing them to charge brothel visits to expenses any longer:

http://www.independent.co.uk/news/europ ... 14063.html

Bank tells staff: no more sex on expenses
By Allan Hall in Berlin
Wednesday, 23 April 2008

Deutsche Bank, Germany's largest, has been hit by the global credit crunch so badly that it has issued a memorandum to senior executives telling them that brothel visits and adult channels in hotel rooms cannot be claimed on expenses.

UK employees of the bank, which has 78,000 workers worldwide, will also receive the no-naughtiness-on-the-firm's-plastic missive.

"Deutsche Bank does not approve of any adult entertainments, and such expenditures will not be reimbursed," said a memo that was leaked to the news magazine Spiegel.

It says the directive was aimed at 800 workers in the bank's communications and social responsibility department, but variations have been sent to all workers. The memo further warns that the bank's credit cards must not be used for such purposes.

Whether the edict was prompted by a recent upsurge in executives seeking relief from Deutsche Bank's sub-prime horrors – more than £2bn in writedowns so far – via Germany's vast network of pleasure houses is unclear. Further belt-tightening at the bank includes the instruction that bosses must approve taxi journeys in advance, business meals must not exceed £50 per person, and train rides inside Germany must be second-class if they take less than one hour. In the UK, rail journeys must be second class unless the journey is over two hours.

One further stipulation: employees on overnight flights who are expected to go to work or attend meetings on arrival must now shower at the airport instead of booking a hotel. Apparently, there have been "minor infringements" of late that the bank wants to stamp out.

A Deutsche Bank insider said: "In the good old days, you could pass off a trip to a knocking-shop as a restaurant if the name wasn't too obvious. But we're in an uptight, locked-down new puritanism now, not helped by sub-prime or VW."

At Volkswagen, people have been jailed and fined tens of thousands of pounds after a secret plan was discovered whereby union bosses were to be paid off with prostitutes, sex parties and drugs in exchange for an agreement on downsizing.
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Re: Deutsche Bank tells its employees to stop hiring prostitutes

Postby pisaquari » Fri May 02, 2008 11:35 am

Interesting.
One would think the company would cut off food expenses first--given how often men claim their need to masturbate into women as a biological need. Surely some male employees will see this as a detriment to their "health." :twisted:
You can call a woman anything these days except "woman"--Sam
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Re: Deutsche Bank tells its employees to stop hiring prostitutes

Postby delphyne » Fri May 02, 2008 11:43 am

Heh, good point Pisquari.

I'm also wondering what the wives and partners of men who work at Deutsche Bank will be thinking after reading this piece of news.
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Re: Deutsche Bank tells its employees to stop hiring prostitutes

Postby pisaquari » Fri May 02, 2008 11:51 am

"what the wives and partners of men who work at Deutsche Bank will be thinking after reading this piece of news."

Not my nigel!
You can call a woman anything these days except "woman"--Sam
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Re: Deutsche Bank tells its employees to stop hiring prostitutes

Postby delphyne » Fri May 02, 2008 11:56 am

Hee, hee. You're bad, Pisquari. :mrgreen:
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Re: Deutsche Bank tells its employees to stop hiring prostitutes

Postby MaggieH » Fri May 02, 2008 12:19 pm

"Deutsche Bank does not approve of any adult entertainments, and such expenditures will not be reimbursed,"


Eh, not bad coming from a bunch of capitalist fuckers! (all banks are)


Not my nigel!

:mrgreen:
"The assumption that "most women are innately heterosexual'' stands as a theoretical and political stumbling block for many women. It remains a tenable assumption, partly because lesbian existence has been written out of history or catalogued under disease;. . . partly because to acknowledge that for women heterosexuality may not be a "preference" at all but something that has had to be imposed, managed, organized, propagandized and maintained by force is an immense step to take if you consider yourself freely and "innately" heterosexual. Yet the failure to examine heterosexuality as an institution is like failing to admit that the economic system called capitalism or the caste system of racism is maintained by a variety of forces, including both physical violence and false consciousness. . ."
-- Adrienne Rich, in Compulsory Heterosexuality and Lesbian Existence: http://www.terry.uga.edu/~dawndba/4500compulsoryhet.htm

“The animals of the world exist for their own reasons. They were not made for humans any more than black people were made for white, or women created for men.” ~ Alice Walker
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Re: Deutsche Bank tells its employees to stop hiring prostitutes

Postby pisaquari » Fri May 02, 2008 1:02 pm

8)

"My future's so bright
I gotta wear shades"
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Re: Deutsche Bank tells its employees to stop hiring prostitutes

Postby hologirl2 » Sun May 04, 2008 9:58 am

poor little men.

Will Japanese business men be next????? No more trips to Thailand?
"Together we can build a movement that makes us proud to call ourselves feminists" Gail Dines, anti-pornography conference at Wheelock University
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