The drift from Frankfurt to London gets ever stronger at Deutsche Bank. The January issue of staff magazine International Forum chalked up one further milestone in the exodus when it announced it too has moved from the Finanzplatz.
Why? Because research uncovered that 50% of the magazine's readership was now on the Deutsche Morgan Grenfell payroll. And logically it should be close to its audience.
In the same issue, Deutsche Bank board member and personnel chief Ulrich Weiss appropriately published a fascinating article on group corporate culture. "Corporate cultures confront us wherever we go," writes Weiss. "Whether we visit McDonald's and see a picture of the employee of the month; or go to England and the USA and see with astonishment that we are served in all shops in a friendly and accommodating manner."
Weiss discusses the different world views of philosophers David Hume and Immanuel Kant, who are respectively British and German. He explains: "The 'Anglo-Saxon' accepts that the world is and its rules are ultimately not transparent. Consequently, he seeks less guidance in principles, but tries to make the best of a given situation. The 'German' seeks laws and principles and wants to regulate problems once and for all.