Deutsche Bank ends porn channel expenses

Spare a thought for the plight of the world’s investment bankers. According to the Financial Times, some minor cutbacks are finally taking place in the extravagant lifestyle to which they have come accustomed:

• UBS, having lost $11bn in Q1, has now told its analysts to fly economy on short-haul flights.
• Merrill Lynch bankers have to work an extra 30 minutes before they are entitled to a taxi ride home after work.
• Goldman Sachs employees no longer have access to free bottled water

Deutsche Bank has gone one further, according to Der Spiegel, and will no longer ‘approve any adult entertainment’ such as hotel porn channels.

About Paul Hodges

Paul Hodges is Chairman of International eChem, trusted commercial advisers to the global chemical industry. The aim of this blog is to share ideas about the influences that may shape the chemical industry over the next 12 – 18 months. It will try to look behind today’s headlines, to understand what may happen next in important issues such oil prices, economic growth and the environment. We may also have some fun, investigating a few of the more offbeat events that take place from time to time. Please do join me and share your thoughts. Between us, we will hopefully develop useful insights into the key factors that will drive the industry's future performance.

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2 Responses to Deutsche Bank ends porn channel expenses

  1. Doris de Guzman 9 May, 2008 at 7:51 pm #

    They must be feeling so miserable with these cutbacks…

  2. Roger Random 12 May, 2008 at 12:46 pm #

    aww poor dears

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