Table: Rolf Breuer's Report Card

SUCCESSES

-- Acquired Bankers Trust, June, 1999

-- Turned sleepy German bank into global investment bank and asset management company

-- Bought Zurich Scudder Investments in September, 2001

-- Listed on the NYSE October, 2001

FAILURES

-- Merger with Dresdner Bank collapsed, April, 2000

-- Poor cost control eroded profits despite growing revenues

-- Couldn't reconcile conservatives and modernizers on the bank board

-- Share price underperformed competitors

Data: BusinessWeek

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