Hermann josef ABS liked to joke, "What's the difference between a doghouse and the supervisory board? The doghouse is for the dog; the supervisory board is for the cat." For those unfamiliar with the nuances of German humour, "for the cat" is slang for something like "trash". The late banker would know: while running Deutsche Bank from 1957 to 1967, he also sat on dozens of supervisory boards. This was the peak of "Deutschland ag", a clique of long-serving bosses, autocratic chairmen, do-nothing board members and their financier friends. Big German companies' supervisory boards are supposed to act as a check on their management boards. But in practice their relations were too cosy for this.
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机译：赫尔曼·约瑟夫·艾伯斯（Hermann josef ABS）笑话说：“狗窝和监事会有什么区别？狗窝是给狗的；监事会是给猫的。”对于那些不熟悉德国幽默的细微差别的人，“为猫”是is语，例如“垃圾”。已故的银行家会知道：从1957年至1967年经营德意志银行时，他还担任过数十个监事会成员。这是“德国股份公司”的顶峰，这是一个由长期服务的老板，专制主席，无所事事的董事会成员及其金融朋友组成的集团。大型德国公司的监事会应作为对其管理委员会的检查。但是实际上，他们之间的关系太舒适了。
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