The PUK report on the Credit Suisse debacle fails to address the critical issue of character, attributing the bank's downfall more to a toxic mindset than to insufficient capital. Key figures, including Chairman Urs Rohner, exemplified a culture of greed and recklessness, leading to disastrous consequences. The report highlights systemic failures by regulatory bodies but overlooks the profound impact of leadership on the bank's fate.
Nestlé is spinning off its water business, including brands like Perrier and S. Pellegrino, due to low profitability and ongoing controversies surrounding water rights and environmental impact. The company, which struggled to position water as a luxury product, will seek partnerships or sales starting in 2025. With an operating profit margin of around 10%, significantly lower than its coffee segment, Nestlé"s decision reflects the challenges of monetizing bottled water amid growing scrutiny over its practices.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.
