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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.
Peter Brabeck
People
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credit suisse downfall rooted in character flaws not capital issues
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22:45 21.12.2024
Nestlé to spin off water business amid profitability concerns and scandals
17:25 19.11.2024
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