“"Bankers Trust suffered catastrophic losses in Russia, where it had been an aggressive buyer of ruble securities, as well as in Brazil and other emerging markets. Making a mockery of the self-important pretensions of its chairman, Frank Newman, the bank was forced to sell out to a German rival, Deutsche Bank. Though judged a failure, Newman, secured a golden parachute for himself estimated at $100 million, an enourmous undeserved bounty." 224 ”
