StasiLand Redux

Deutsche Bank has some explaining to do.  A study, commissioned by the bank and conducted by outside counsel, has found the bank spied “on several of its management board members, supervisory board members and on at least one shareholder,” reports BUSINESS WEEK.

Deutsche Telekom and Deutsche Bahn also have had internal spying scandals that involved wholesale violations of employee privacy rights.

With Deutsche Bank, the apparent focus was on alleged relationships between a board member and a Reuters reporter, who — the bank thought — was getting leaked insider info.

True, false, it doesn’t matter at this juncture.  What does matter is that pillars of Germany industry — telephone, rail, and finance — all find themselves dragged through public mud for trampling on employee rights.

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