Stefan Baron Book order

He was in the cross-fire of public criticism like no other top executive in Germany. Josef Ackermann, CEO of the Deutsche Bank until 2012, can look back over turbulent times. His ‘V for victory’ sign and his return-on-equity target of 25 percent, made him, for many, the bad guy of the nation. The role he played in the financial crisis is also controversial. Was he one of those who caused the misery, or did he mitigate the crisis and act as a decisive force in overcoming it? Stefan Baron, head of communications at Deutsche Bank during the crisis, paints a fascinating and up-close portrait of Josef Ackermann. Few are better placed to describe his convictions, his strengths and his weaknesses. From his uniquely close vantage point, Baron describes the way Ackermann and his attitudes changed during this epoch-making period.

Stefan Baron gathers information on reasons for the consistently low further training rates of both older and less educated employees, and provides suggestions to increase their participation in further training. He shows that employees are not solely rational decision-makers and that training decisions are affected by different educational motivation and investment risks. In particular, lacking confidence in own training competence can be a handicap for future training participation. Still, supervisors can help to strengthen confidence levels, but in many cases they are not trained to provide emotional support and may run the risk of following stereotypes and prejudices about older and less educated employees. As a consequence, both groups might not get the support they need for taking part in further training.