Isolation hurts Swiss economy

Professional Adviser
clock

Companies are finding it hard to compete with their global-minded European Union counterparts

Entertainment is sometimes found in the least expected places, for example the annual general meetings of Swiss corporations. Take the gladiatorial combat at the AGM of Kuoni Reisen Holding, one of Europe's largest travel companies. Chairman Daniel Affolter was prevented by a guard from taking a seat next to chief executive Hans Lerch and vice-chairman Heinz Mueller, and forced to watch from a seat in the hall. Lerch and Mueller are currently trying to oust Affolter from the company over a $4.6m bonus he took out of business. Or witness the Oedipal drama at the AGM of SGS Holding, where...

To continue reading this article...

Join Professional Adviser for free

  • Unlimited access to real-time news, industry insights and market intelligence
  • Stay ahead of the curve with spotlights on emerging trends and technologies
  • Receive breaking news stories straight to your inbox in the daily newsletters
  • Make smart business decisions with the latest developments in regulation, investing retirement and protection
  • Members-only access to the editor’s weekly Friday commentary
  • Be the first to hear about our events and awards programmes

Join

 

Already a Professional Adviser member?

Login

More on uncategorised

Building Society-owned Newcastle Financial Advisers acquires Openwork firm

First of a number of acquisitions

Hannah Godfrey
clock 09 December 2019 • 1 min read

Bond managers fear hedges being undermined as liquidity dries up

The recent sell off in the bond market and growing liquidity issues have forced bond investors to use similar hedging techniques, undermining their effectiveness and causing concerns about how much downside protection funds really have.

Anna Fedorova
clock 03 July 2013 •

Police launch investigation into mortgage middleman fined £1m

West Midlands Police have launched a fraud investigation into a Birmingham financier over his role in sale and rent back agreements.

clock 25 June 2013 •