by Danielle Park
This is truly a remarkable example to set: a former risk officer, Eric Ben-Artzi, turned Deutsche Bank whistleblower, has refused to collect his $8.5 million reward from the SEC. He points out that levying a $55 million fine for illegal activities on the corporation has only served to penalize shareholders and employees while letting the firms executives and lawyers (the directing minds) keep all their status and proceeds of crime (bonuses and fees). Bravo Mr. Ben-Artzi. See We must protect shareholders from executive wrongdoing:
“Although I need the money now more than ever, I will not join the looting of the very people I was hired to protect. I never intended to turn a job in risk management into a crusade, but after suffering at the hands of the Deutsche executives I will not join them simply because I cannot beat them.