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Deutsche Bank managers driven by greed set it on the wrong track in the 2000s. For many years, the financial institution maintained close ties with Vladimir Putin. And involved itself in shady deals with the Russian autocrat.
In the early 2000s, Deutsche Bank wanted to make it big in Moscow. For some employees, this was something to be achieved by any means necessary: bribing Putin’s officials, brothel visits for good customers, money laundering for the mafia.
When it all came to light, this sent a shock wave through the bank: to this day, Deutsche Bank is still laboring under the burden of fines totaling billions. But the CEOs claimed total innocence. Just one of many scandals.
Other questionable deals include loans to Donald Trump. The bank’s very special relationship with the US-American real estate tycoon began in the year 1998. Trump was one of Deutsche Bank’s best customers until shortly before his 2017 presidency. The credit institute loaned him huge sums - despite his track record for business bankruptcy and a dubious reputation as a defaulting debtor. #documentary#dwdocumentary#deutschebank
Roadside burger chain Shake Shack (SHAK) may have just gone public in 2015, but it has been one of the fastest-growing fast-food chains for the past 20 years.
In 2023, Shake Shack generated over $286 million in total revenue, up 20% year-over-year. Let's take a look at the company's biggest moments with Beyond the Ticker.
2001
It started as a hot dog cart, operated by restauranteur Danny Meyer in New York's Madison Square Park.
2004
That turned into a permanent location – where it added more menu items like burgers, fries, frozen custard, and those famous milkshakes.
2010
Meant to be a single location, there was an appetite for expansion. By 2010, two more locations were added in New York. One in the Upper West Side, and the second in the home to the New York Mets, Citi Field.
2015
On January 29, 2015, Shake Shack went public via initial public offering (IPO) on the New York Stock Exchange (NYSE) at $21 per share.
2017-2024
From there, the burger chain only continued to grow – expanding its digital platforms, partnering with third-party delivery service providers like Uber Eats (UBER), adding kiosks to stores, and even drive-thru's.
2024
This year at roughly 90 US locations, it’ll now be using Carbon Neutral Whole Milk, after it expanded its partnership with US-based carbon-neutral food company, Neutral Foods.
In March, the company announced that CEO Randy Garutti would step down after a 20-year run. Rob Lynch, the current CEO of Papa John's, will be named the next CEO, effective May 20, 2024.
And Shake Shack continues to make its mark on the fast-food, fast-casual industry, with 530 locations across the globe and growing.
From tech giants to retail titans, Beyond the Ticker is a historical series that takes a deep dive into some of Wall Street's trending companies and how they transformed into the financial icons they are today.
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