Sheryl Sandberg at ZEIT RECEPTION Davos

We have not done a good job at explaining our business model

Hamburg (ots) - At a reception hosted by the German weekly
newspaper DIE ZEIT and CMS, Sheryl Sandberg, COO of Facebook Inc.,
and Christian Sewing, CEO of Deutsche Bank AG, discussed their recent
professional challenges with Uwe Jean Heuser, Head of the Economics
Department at DIE ZEIT.

Sheryl Sandberg defended Facebook's advertising business model:
"We do not sell data. [...] What we do is, we use information to show
relevant ads". In retrospective, though, she acknowledged: "We have
not done a good job at explaining our business model". She promised:
"We are committed to being better in helping people understand how
their information is used."

Christian Sewing recounted what he first thought when he heard
about the Danske Bank money laundering scandal: "It's disappointing,
not personally for me - but you have 92.000 people who are working
every day to restructure Deutsche Bank. We got the feedback from
regulators that our controls have improved. And if you have this kind
of incident then, you're disappointed", Sewing said. Asked about his
reaction to the accusations, Sewing went on to say that "this is what
you have to deal with, what leadership is all about. You collect
yourself. You cooperate with the prosecutors. We think that there is
no wrongdoing on our side".

The ZEIT RECEPTION Davos was held on the occasion of the World
Economic Forum in Davos. The German weekly newspaper DIE ZEIT in
cooperation with CMS invited leading representatives from the worlds
of business and politics to a roundtable discussion and reception.

OTS: DIE ZEIT
newsroom: http://www.presseportal.de/nr/9377
newsroom via RSS: http://www.presseportal.de/rss/pm_9377.rss2

Pressekontakt:
Johanna Schacht
ZEIT Corporate Public Relations
Tel.: +49 160 - 70 34 60 4
E-mail: [e-mail]
www.twitter.com/zeitverlag