Bob,
Well I like them a lot better than lawyers and other amateurs, at least they have the money, the gumption and the savvy to assemble as smart a team as possible.
And if their press release is worth anything, they are starting to turn things around. No instant miracles, but in the right direction.
That will be a refreshing change when the same ointment gets applied to the former EPL line! The first indication was the number of jobs they promised to retain, none of the “pie in the sky” BS that was promised by some others.
Looks like very careful consideration won out over “this is what we will do, trust us!”. Contributing to that was probably the lesson learned with the “Schöntag” escapade which, by all indications, was on “a wing and a prayer” and not much in the substantive department.
You know the “kicker” on that one was Schöntag apparently retaining the previous top management in some capacity. Was he hoping that they would point him to the skeletons in the closets?
Apart from that, from what has been mumbled in the industry community, the email campaign instigated and orchestrated by “G45” was a “big hit” with Deutsche Bank. I guess in the beginning they didn’t know what hit them; but usually it doesn’t take much to put 2 and 2 together, bankers are rather capable in that respect. Give them some “figures” and they’ll “figure” it out. 
I’m glad they did!
