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Deutsche Bank this week fired four New York employees, including Ben Darsney, the head of equity capital markets, and Ravi Raghunathan, the managing director who
Deutsche Bank this week fired four New York employees, including Ben Darsney, the head of equity capital markets, and Ravi Raghunathan, the managing director who ran most of the banks SPAC business, after bringing the colleagues and client to a strip club ie a night club with performances by strippersEven going to a strip club with colleagues is a violation of company policy at the German lender. But worse for the bankers: Management was made aware of the incident only after strip clubrelated costs were submitted as a corporate expense.Meanwhile, people who worked with Darsney and Raghunathan say theyre sad to see the men go They emphasize that they were good guys.In strategic management, Some employees have the wrong perception that as long as they are top performers or they can achieve the companys objectives, they can enjoy certain benefits as compensation which in fact may violate with company policy. Please comment Deutsch Banks deficiencies in this connection
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