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It’s been a year since the historic CS debut, and it can be solemnly stated: It wasn’t a career booster. The last chairman, Axel Lehmann (64), had bypassed the already guaranteed chairmanship at Helvetia for the CS board.
He has no new role on the board but is still listed at two well-known addresses: At the IMD in Lausanne, he is listed as one of 31 “Directors in Residence” who “donate some of their time,” according to its website. ” to the executive training center.
The school he graduated from is St. Gallen appoints him as an adjunct professor because he worked as a lecturer there before joining CS. However, he is not currently teaching. You see him mostly at the Baur au Lac club in Zurich, and he also appears in small groups, telling his version of the collapse: It was the bankruptcy of Silicon Valley Bank in faraway California that broke CS’s neck. Own responsibility? Not on the contrary.
According to those close to him, his predecessor Urs Rohner (64) has an explanation for why he is innocent in CS’s death; Ultimately, the board approved all decisions. But unlike Lehmann, he avoids the public.
After a two-year stay in tax-friendly Wilen SZ, he moved back to Zumikon’s converted home on the Gold Coast last year. Consulting firm Urs Rohner & Co. AG is currently registered at Seefeld in Zurich. He currently spends a lot of time in the more anonymous London. But his last major role there, a board seat at the multinational pharmaceutical company GlaxoSmithKline, ends in April.
Resocialization of managers was also difficult for the penultimate CS CEO, Thomas Gottstein (60). The fact that Finma is now taking enforcement action against him over Greensill makes his VR career almost impossible.
The golf enthusiast was at least able to compensate for his weight loss during the CS crisis. Like Rohner, he recently started running his own consulting firm in Seefeld, called Topago Advisory AG, bearing his own name: Thomas Patrick Gottstein.
The two foreigners at the top suffered the least damage. Short-term president António Horta-Osório, 60, commutes between Lisbon and London. His roster of posts is quite impressive: senior advisor to Italy’s Mediobanca and US private equity firm Cerberus, as well as mandates from beer billionaire Jorge Paolo Lemann and Portuguese companies Impresa and Bial.
And former CEO Tidjane Thiam, 61, is on a big mission: running for president of Ivory Coast. He resigned from French luxury group Kering. In London, he runs financial firm Freedom Acquisition, which is currently being sued over a SPAC by a former business partner.
He still makes occasional appearances in Switzerland, where he was accused of racism when he left: He is currently a member of the IOC in Lausanne.
Source :Blick
I’m Tim David and I work as an author for 24 Instant News, covering the Market section. With a Bachelor’s Degree in Journalism, my mission is to provide accurate, timely and insightful news coverage that helps our readers stay informed about the latest trends in the market. My writing style is focused on making complex economic topics easy to understand for everyone.
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