Deutsche Bank Hires Now Require CEO Sewing's Approval

The transcript discusses the stringent approval process for new hires at Deutsche Bank, requiring CEO approval due to a cost-cutting program. The CEO emphasizes the importance of hiring individuals who can impact revenue or compliance. The discussion also touches on the unprecedented level of micromanagement and its implications for the bank's reorganization. The policy is set to be reviewed at the end of the year, with potential challenges in the approval process due to international operations.

What is the significance of getting approval from the upper echelons of the executive suite at Deutsche Bank?

How does the current cost-cutting program at Deutsche Bank affect hiring decisions?

What criteria does the CEO consider when approving new hires?

What concerns are raised regarding the micromanagement at Deutsche Bank?

What might happen at the end of the year regarding the approval policy?