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Headline: Deutsche’s ruling tribe Source: Euromoney Date: April 2000 Never underestimate the tribal powers that rule investment banks. The stand-off between Deutsche Bank’s global markets division and Dresdner Kleinwort Benson – when both sides were threatened with painful integration – is a case in point. Edson Mitchell, Deutsche’s head of global markets, was hailed by his chairman Rolf Breuer last year as an Indian chief. By clever use of animal magnetism and the bonus pool, he inspires a fierce loyalty among his warriors. |
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