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 main reason for the new hiring approval process at Deutsche Bank?

• To decentralize the hiring process

• To improve employee satisfaction

• To increase the number of employees

• To ensure only critical hires are made

How might new hires feel about the CEO's involvement in their hiring process?

• Overwhelmed by the attention

• Valued, as it shows their importance

• Concerned about job security

• Indifferent, as it doesn't affect their role

What does the hiring policy suggest about the level of micromanagement at Deutsche Bank?

• It shows a high degree of micromanagement

• It suggests a lack of leadership

• It indicates a relaxed management style

• It implies a focus on employee autonomy

What is a potential outcome if the CEO becomes overwhelmed with the approval process?

• The bank will stop hiring

• The CEO will delegate more tasks

• More employees will be hired

• The policy might be revised

What challenge is mentioned regarding the CEO's ability to approve hires?

• The CEO is not interested in hiring

• The CEO lacks decision-making power

• The CEO is in a different country

• The CEO is often unavailable