Bank for sale (II)

The bank I work for is still for sale. The highest bid currently is roughly € 71 billion. I have a lot of emotions regarding the bank being sold off. One of them is pride. I'm very proud to be part of an organization that is being valued so highly. And the value is because of the assets the bank has. Part of that is because we have money on our balance sheet and that needs to be paid for, but mainly it is being paid for the way we do our business. And that is due solely to the employees of the bank. At the end of 2006, the latest released figures, there were 105,000 of them. If you were to apportion the bid of € 71 billion per employee, you'd get:

7.1 * 10¹⁰ / 1.05 * 10⁵ = 6.8 * 10⁵

Or roughly € 680.000,- per employee. If you deduct the group capital of € 45 billion from the offer, which is a questionable thing to do because the group capital is needed to perform the business done by the employees, you get:

(7.1 * 10¹⁰-4.1 * 10¹⁰) / 1.05 * 10⁵ = 2.5 * 10⁵

Or roughly € 250.000 per employee.

Zaaf