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Merkel Seeks Women on Boards as Ackermann Draws Howls

German Chancellor Angela Merkel has filled one third of her ministerial positions with women. Deutsche Bank AG Chief Executive Officer Josef Ackermann doesn’t have a single female on the 12-member group executive committee that oversees the nation’s biggest bank.

Fresh from a scrap over making bond investors help cover the costs of bailing out European banks, Ackermann angered Merkel’s ministers by saying last week that his board “will be more colorful and prettier” with a woman. Consumer minister Ilse Aigner responded by telling Handelsblatt newspaper that “if it’s more color or beauty you want, you should go to a flower garden or a museum.”