MICHAEL DIEKMANN
Chairman and Chief Executive Officer of Allianz, a Munich-based insurance, asset management, and banking company. Born in Germany, he has been with the company since 1988 where he held several managerial positions, including spearheading the firm’s overseas divisions. He became the Chairman and CEO in 2003, following Henning Schulte-Noelle’s resignation and the company went through significant losses from 9/11 terrorist attack, major flooding in Europe, and asbestos claims in the US. After a year, he was able to raise its profits and share price by reducing non-essential businesses and increasing billions in capital.
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Key Rate
A specific interest rate that decides bank lending rates and the credit cost for borrowers. Discount Rate and the Federal Funds rate are the two ke ...
Exclusive Listing
Formal agreement in a real estate transaction stating a real estate agent has the right to earn commission if a property is sold within an indicate ...
Punt
A unit of currency used in Ireland until 2002. It was introduced in 1928 and was pegged (one for one) to the British pound sterling. In 1979, the p ...
Quarterly Earnings Report
Public companies file a report of their performance quarterly. It includes earning reports such as their net income, net sales, earnings per share ...
Overfunded Pension Plan
It is a company retirement plan that has more assets than liabilities. Basically, there is a surplus amount of money needed to cover current and fu ...
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