Skip to Content

Best of the news
from abroad

Arriving at
6:00 AM

February 22 2020
Back to the issue
Shares of Germany’s largest bank—headquartered in two towers in Frankfurt—have fallen more than 90 percent from their peak, in 2007.

“Karma is relentless, and it caught up with Mr. Mitchell,” a former Deutsche Bank executive told me.

The executive, Mike Offit, was referring to the fiery death in 2000 of Edson Mitchell, one of the German bank’s most prominent leaders. Offit and Mitchell had clashed—according to Offit, Mitchell had ousted him for no good reason—and when Mitchell’s small plane crashed into a Maine mountain a few days before Christmas, Offit saw cosmic justice. Nearly two decades later, he was still nursing resentments toward the dead man.

Back to the issue