Deutsche Bank AG DB under CEO Josef Ackermann
THE HEXAGRAM
HEXAGRAM 04 – Meng – Youthful Folly
Above KEN KEEPING STILL, MOUNTAIN
Below K’AN THE ABYSMAL, WATER
In this hexagram we are reminded of youth and folly, in two different ways. The image of the upper trigram, Ken, is the mountain, that of the lower, K’an, is water; the spring rising at the foot of the mountain is the image of inexperienced youth. Keeping still is the attribute of the upper trigram; that of the lower is the abyss, danger. Stopping in perplexity on the brink of a dangerous abyss is a symbol of the folly of youth. However, the two trigrams also show the way of overcoming the follies of youth. Water is something that of necessity flows on. When the spring gushes forth, it does not know at first where it will go. But its steady flow fills up the deep place blocking its progress, and success is attained.
THE JUDGMENT
YOUTHFUL FOLLY has success.
It is not I who seek the young fool;
The young fool seeks me.
At the first oracle I inform him.
If he asks two or three times, it is importunity.
If he importunes, I give him no information.
Perseverance furthers.
In the time of youth, folly is not an evil. One may succeed in spite of it, provided one finds an experienced teacher and has the right attitude toward him. This means, first of all, that the youth himself must be conscious of his lack of experience and must seek out the teacher. Without this modesty and this interest there is no guarantee that he has the necessary receptivity, which should express itself in respectful acceptance of the teacher. This is the reason why the teacher must wait to be sought out instead of offering himself. Only thus can the instruction take place at the right time and in the right way.
A teacher’s answer to the question of a pupil ought to be clear and definite like that expected from an oracle; thereupon it ought to be accepted as a key for resolution of doubts and a basis for decision. If mistrustful or unintelligent questioning is kept up, it serves only to annoy the teacher. He does well to ignore it in silence, just as the oracle gives one answer only and refuses to be tempted by questions implying doubt.
Given in addition a perseverance that never slackens until the points are mastered one by one, real success is sure to follow. Thus the hexagram counsels the teacher as well as the pupil.
THE IMAGE
A spring wells up at the foot of the mountain: The image of YOUTH.
Thus the superior man fosters his character
By thoroughness in all that he does.
A spring succeeds in flowing on and escapes stagnation by filling up all the hollow places in its path. In the same way character is developed by thoroughness that skips nothing but, like water, gradually and steadily fills up all gaps and so flows onward.
THE LINES
Six in the third place means:
Take not a maiden who
When she sees a man of bronze,
Loses possession of herself.
Nothing furthers.
A weak, inexperienced man, struggling to rise, easily loses his own individuality when he slavishly imitates a strong personality of higher station. He is like a girl throwing herself away when she meets a strong man. Such a servile approach should not be encouraged, because it is bad both for the youth and the teacher. A girl owes it to her dignity to wait until she is wooed. In both cases it is undignified to offer oneself, and no good comes of accepting such an offer.
Nine at the top means:
In punishing folly
It does not further one
To commit transgressions.
The only thing that furthers Is to prevent transgressions.
Sometimes an incorrigible fool must be punished. He who will not heed will be made to feel. This punishment is quite different from a preliminary shaking up. But the penalty should not be imposed in anger; it must be restricted to an objective guarding against unjustified excesses. Punishment is never an end in itself but serves merely to restore order.
This applies not only in regard to education but also in regard to the measures taken by a government against a populace guilty of transgressions. Governmental interference should always be merely preventive and should have as its sole aim the establishment of public security and peace.
1. ("Fool" and "folly" as used in this hexagram should be understood to mean the immaturity of youth and its consequent lack of wisdom, rather than mere stupidity. Parsifal is known as the "pure fool" not because he was dull-witted but because he was inexperienced.)
Hexagram 46 – Sheng – Pushing Upward
THE MOVING HEXAGRAM
Above K’UN THE RECEPTIVE, EARTH
Below SUN THE GENTLE, WIND, WOOD
The lower trigram, Sun, represents wood, and the upper, K’un, means the earth. Linked with this is the idea that wood in the earth grows upward. In contrast to the meaning of Chin, PROGRESS (35), this pushing upward is associated with effort, just as a plant needs energy for pushing upward through the earth. That is why this hexagram, although it is connected with success, is associated with effort of the will. In PROGRESS the emphasis is on expansion; PUSHING UPWARD indicates rather a vertical ascent – direct rise from obscurity and lowliness to power and influence.
THE JUDGMENT
PUSHING UPWARD
has supreme success.
One must see the great man.
Fear not.
Departure toward the south
Brings good fortune.
The pushing upward of the good elements encounters no obstruction and is therefore accompanied by great success. The pushing upward is made possible not by violence but by modesty and adaptability. Since the individual is borne along by the propitiousness of the time, he advances. He must go to see authoritative people. He need not be afraid to do this, because success is assured. But he must set to work, for activity (this is the meaning of "the south") brings good fortune.
THE IMAGE
Within the earth, wood grows: The image of PUSHING UPWARD.
Thus the superior man of devoted character
Heaps up small things
In order to achieve something high and great.
Adapting itself to obstacles and bending around them, wood in the earth grows upward without haste and without rest. Thus too the superior man is devoted in character and never pauses in his progress.
Deutsche Bank AG
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Germany – Map
Phone: 49 69 910 00
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Website: http://www.deutsche-bank.de
Details
Index Membership: N/A
Sector: Financial
Industry: Foreign Money Center Banks
Full Time Employees: 82,504
Dr. Josef Ackermann , 63, Chairman of Management Board, Chief Exec. Officer and Chairman of Group Exec. Committee
Business Summary
Deutsche Bank Aktiengesellschaft provides investment, financial, and related products and services worldwide. The companys Corporate and Investment Bank division engages in the origination, sale, financing, structuring, and trading of fixed income, equity, equity-linked, convertible bond, foreign exchange, and commodities products to large and medium-sized corporations; financial institutions; and sovereign, public sector, and multinational organizations. It also provides advisory, and equity and debt financing and structuring services to corporate and financial institutional clients. In addition, this division delivers commercial banking products and services to corporate clients and financial institutions; and engages in real estate business. The companys Private Clients and Asset Management division offers mutual funds and structured products; manages real estate and infrastructure investments and private equity funds; provides advisory and portfolio management services to insurers and re-insurers; and provides investment solutions to non-insurance institutional clients. This division also offers a range of banking products and services, including current accounts, savings accounts, time deposits, property and home financing, and mortgages and construction finance. In addition, it offers payments, account, and asset and liability management services. This division primarily serves retail and small corporate customers, as well as affluent and wealthy clients, and retail and institutional clients. The companys Corporate Investments divisions principal investment activities include private equity and venture capital investments, private equity fund investments, corporate real estate investments, a minority stake in Deutsche Postbank AG, credit exposures, and other non-strategic investments. As of December 31, 2009, it operated 1,964 branches in 72 countries. The company was founded in 1870 and is headquartered in Frankfurt am Main, Germany.
