Photo: Deutsche Bank
Deutsche Bank’s Anshu Jain is the clear front-runner in the list of likely successors who will replace the current CEO Josef Ackermann.But for some reason, the bank won’t name him CEO. Instead, they plan on naming him co-CEO, probably with one of these 5 people. (Axel Weber was the likely guy, until he defected to UBS.)
We’ve read that a big reason why is the fact that he doesn’t speak fluent German, but there has to be another reason or two. So we asked an employee. Unfortunately, he has no clue either.
But he says Jain is the one executive that really matters to Deutsche Bank.
So our question is naturally: how is this not a bigger issue for Deutsche Bank? Its own employees don’t even understand what officially disqualifies Jain from being named CEO.
Our conversation went like this:
CC: Who do you think could be the next co-CEO with Anshu Jain?
CC: Were you surprised about Weber?
DB: Very, especially since UBS has been doing so bad lately
CC: Why the heck did he go? What was the reaction in the office?
DB: It was a surprise, but actually most of the attention has been on Anshu, since he’s the one that really matters in the biz
CC: Yeah why won’t they just make him CEO?! Seems racist or something
DB: Yep, that’s what I thought..
CC: Apparently it’s some crap about him not being able to speak German fluently. It’s like, hire him a freaking translator!
DB: Lol. That’s right.. I think it also has to do with the fact that he’s Indian
CC: Ridic. You should all protest.