Today's winners are the bosom buddy team of Thomas Bowers and Charles "Chip Packard of Deutsche Bank.
These two are the stooges of private banking. Tom Bowers is a convicted DUI offender who's inability to tell the truth is over shadowed by his pure lack of interpersonal skills. As the "leader" of Deutsche Bank Private Wealth Management rarely does he interact with those front line employees that do all the heavy lifting. Kudos to you Tom, you truly embrace the "Do as I say not as I do" business philosophy. You have successfully taken morale to the bottom of your personal septic tank.
Chip as he is known by his loyal followers of "one" (Tom Bowers), possibly his wife; has adopted the Bowers mentality of lie at all cost. For some reason Chip believes if he be-friends you first you wont notice his accomplished law school behavior of lying with a straight face.
What's even more hilarious is the Deutsche Bank mother ship in Europe doesn't care or maybe doesn't even know about these two executives behavior. As a result morale is at a all-time low and if you are a recruiter in the financial services space I would start making some calls--Not to Tom or Chip but to all those good people trapped by these "Wall Street Executives Gone Bad!"
In the end, right prevails. Thomas Bowers was just fired ("pursuing other opportunities"). He lies, feels no remorse about using others, and had an ongoing affair with his secretary. His new boss across the Atantic finally figured out how bad he is and did the right thing. Thomas Bowers is a very bad person in every way - good riddance!
ReplyDeleteAs a longterm DB employee I/we believe this is the best thing that could have happened. Tom infected our business with a personal agenda that got in the way of doing whats right. Now whats left are his loyal minions who are scattered throughout the organization, Europe--"please help us recapture our corporate dignity" and clean house!!!!!!!!!!!
ReplyDeleteWow, he sounds like a really bad guy. Heard rumblings about him and another guy at Citi that went with him to Deutsche. If he's all that, then justice has been served!!!
ReplyDeleteThomas Bowers left a cesspool mess. Sorting out who is good and who is bad will be hard. Many former Citi people are bad, as are some of the assistants who sought out their jobs just to cozy up to wealthy bankers and their clients (the one he had an affair with is a prime example). Top management in Europe and Human Resources have some major cleaning up to do.
ReplyDeleteI agree with all the other comments. Unfortunately the culture of lies and lack of ethics continues. European headquarters missed their chance to clean house by putting Chip Packard as one of the people in charge. The bad culture flows through the whole group -- even some the assistants lie on their LinkedIn profiles.
ReplyDeleteTom Bowers continues to be unemployed. Thank goodness no bank is foolish enough to hire him. However, major house cleaning is still needed. Get rid of all the people pretending to be interested in banking but it is totally about them and there ulterior motives (Chip Packard, Lauren Cohen to name a few).
ReplyDeleteDid he commit suicide or was he “hit”?
ReplyDeleteGreat question
DeleteObviously, he took the real answers with him.
DeleteSo if he retired or quit in 2013, that was long before this case gained traction with Trump, correct?
ReplyDelete"The New York Times reports that senior Deutsche executives blocked employees from alerting the federal government about suspicious activity alerts linked to Trump and Jared Kusher in 2016 and 2017."
https://www.theguardian.com/business/2019/jul/08/what-went-wrong-at-deutsche-bank
Perhaps his wife read what you guys wrote about a secretary, and it didn't end well for them. She died in 2017. We never know if our gossip harms another.