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E-Mail Retention: The High Cost of Digging Up Data
By Kim S. Nash
2006-08-02
Article Views: 6959
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E-Mail Retention: The High Cost of Digging Up Data - ' WestLB Basics ' (
Page 7 of 7 ) 
WestLB Basics
U.S. Headquarters: 1211 Ave. of the Americas, New York, NY 10036
Phone: (212) 852-6000
Business: Investment banking.
Chief Information Officer: Ken Bigelow
Financials in 2005 (for parent company, WestLB AG): $715 million in profit before taxes; $490 million net profit.
Challenge: To adhere to internal data retention policies, comply with regulatory rules for saving data, and produce documents related to lawsuits completely and in a timely manner.
BASELINE GOALS:
Raise the percentage of women in management positions across WestLB AG from 12% in 2005.
Cut personnel and operating expenses by $296 million between Jan. 1, 2006, and Dec. 31, 2007.
Maintain profitability achieved in 2005 by earning at least as much profit in 2006.
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