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> Now that Cryan's gone, however, it's becoming apparent that his authority over some senior managers at Deutsche Bank was weak. He and Hammonds' ability to cha
by rkwz 3y ago
> Now that Cryan's gone, however, it's becoming apparent that his authority over some senior managers at Deutsche Bank was weak. He and Hammonds' ability to challenge Deutsche's most powerful tribal leaders appears to have been correspondingly limited. "It's going to be a far more uphill task to cut systems in future," says one senior insider. "The people who control these systems don't want them cut. It's all about politics."
> "Hammonds was innovative, but she couldn't do what she set out to do," says one DB insider. "So we're just sitting here, waiting to see what happens next."
Yikes! Sounds like an impossible uphill task.
Is there any examples of such turnarounds in the recent years?