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Deutsche Bank's Chairman Wins Investor Backing, Not Admiration

Steven Arons, Eyk Henning
Deutsche Bank's Chairman Wins Investor Backing, Not Admiration

Paul Achleitner can breathe a sigh of relief. Advisory firm ISS on Wednesday recommended that shareholders support the chairman of Deutsche Bank AG at its annual general meeting May 24 -- but mainly because those who want rid of him haven’t suggested anyone better. The recommendation comes on the back of a string of meetings Achleitner has held with ISS and shareholders in the run-up to the AGM amid concerns over his role in a bruising ouster of ex-Chief Executive Officer John Cryan.