It was another terrible week for Deutsche Bank. But this time it wasn't John Cryan's fault. Instead, the person who should be embarrassed is Paul Achleitner, the bank's chairman, whose cack-handed efforts to line up a new CEO were splashed all over the media. Like when football clubs "tap up" prospective new managers, the crime isn't so much readying a suitable replacement, but being caught doing so. (And yes, we're fully aware of the irony of those of us trying to uncover such developments complaining when they become public.)
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