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Credit Suisse scandal shakes Zurich’s elite

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81–90 of 96 posts

Re: Credit Suisse scandal shakes Zurich’s elite

#81
post #53

Earlier quoted context omitted.

And then there is pharma, high tech and companies like Logitech. Switzerland is doing just fine.

Just out of curiosity, which Swiss-grown high-tech is there? I know only of Sauber Group.

https://www.oerlikon.com/en/industries/aerospace-industry/

The medical-related area has probably others, but I personally have no clue about that.

Re: Credit Suisse scandal shakes Zurich’s elite

#83
post #53

Earlier quoted context omitted.

And then there is pharma, high tech and companies like Logitech. Switzerland is doing just fine.

Just out of curiosity, which Swiss-grown high-tech is there? I know only of Sauber Group.

I recently learned about SonarSource: https://en.wikipedia.org/wiki/SonarSource

Re: Credit Suisse scandal shakes Zurich’s elite

#84
post #59

Earlier quoted context omitted.

Switzerland is not in the part of the world that is experiencing massive population and productivity increase. It might keep its current level, though its relative significance could be quickly overshadowed by Singapore/Shanghai/Mumbai with resulting long-term negative effects, like inability to attract clients from those parts of the world experiencing highest growth and highest ROI.

Quality over quantity. Switzerland is not famous for futuristic factory cities and impressive government projects. Their power is in decentralization, where the issues of a commune are efficiently resolved by local authorities who are the part of it. Another thing, they have strong universities, with good connection between science and innovations. When I checked their startups, a large share of them focussed on adva…

> Switzerland is not famous for futuristic factory cities and impressive government projects.

The Gotthard Base Tunnel would like to have a word ;)

https://en.wikipedia.org/wiki/Gotthard_Base_Tunnel

It might not be as visually impressive as a new airport or bridge, but it is one of the largest infrastructure projects of the last couple decades worldwide.

Re: Credit Suisse scandal shakes Zurich’s elite

#85
post #13

Matt Levine had written about it before in his excellent Money Stuff column on Bloomberg: > > [Thiam] was hosting a new year’s drinks party. > > Among his 60 or so guests were many locals from the Zurich suburb of Herrliberg, along with a clutch of top Credit Suisse executives and his new neighbors -- Iqbal Khan, the bank’s wealth-management chief, and his wife. > > Before long, it all went wrong. A remark by Khan to…

Matt Levine is the man.

Re: Credit Suisse scandal shakes Zurich’s elite

#86
post #77

Earlier quoted context omitted.

Are you suggesting that “culturally Swiss” people never engage in inappropriate behavior, unlike people from “other cultures”? Why not end the dog whistling and say what you’re thinking out loud?

Just goes to show that anything is racist if you're woke enough. I (and the OP) was clearly alluding to the "platonic ideal" of a Swiss: a person so above board they would never even contemplate anything untoward.

Just goes to show that nothing seems racist when you’re racist yourself. Would you have said the sentence “the executive is not actually Swiss” if he had not been named Iqbal Khan? You might have insulted him in other ways but you would never had contested his Swissness, which is an uncontroversial biographical fact. No one says things like “Ted Bundy is not actually American”, even if they think that serial murder is not “culturally American”. You’re suggesting that nonwhite people have to work extra hard to prove that they “deserve” their Swissness in a manner that ethnically Swiss people don’t.

That’s precisely what dog whistling is, saying racist things in coded language while pretending that you’re not being racist just because you’re not dropping slurs.

I’ll say it again: you’re a racist and a disgusting human being. Feel free to whine to the admins about banning me for incivility. We can then see if they decide whether or not being racist is better or worse than being mean to racists.

PS: The platonic ideal of a Swiss bank CEO involved making a fortune helping other people evade taxes. So much for “never contemplating anything untoward”.

Re: Credit Suisse scandal shakes Zurich’s elite

#88
post #77

Earlier quoted context omitted.

Just goes to show that anything is racist if you're woke enough. I (and the OP) was clearly alluding to the "platonic ideal" of a Swiss: a person so above board they would never even contemplate anything untoward.

Just goes to show that nothing seems racist when you’re racist yourself. Would you have said the sentence “the executive is not actually Swiss” if he had not been named Iqbal Khan? You might have insulted him in other ways but you would never had contested his Swissness, which is an uncontroversial biographical fact. No one says things like “Ted Bundy is not actually American”, even if they think that serial murder i…

>> You're suggesting nonwhite people...

Iqbal Khan is white. You just sort of assumed that he isn't because he's involved in a scandal. Now who's the racist?

You must be fun at parties.

Re: Credit Suisse scandal shakes Zurich’s elite

#89
post #37

Does Switzerland have any future? It's no longer a bank haven for rich Europeans evading taxes nor 3rd world dictators, its banks don't show entrepreneurial spirit in finding and investing into high-potential startups, rather to well-connected wantrepreneurs, there are no easy money to be made in Eastern Europe/Russia any longer, and its conservatism is likely going to prevent them from making necessary changes until…

Absolutely, world-class universities (not just one), highly educated workforce, top rankings everywhere, largest companies in the world, high-tech companies etc. It's just that other countries narrowed the gap. 30 years ago, many countries in the world were poor and backward. They narrowed the gap to Switzerland. It's natural that Switzerland doesn't have the same wide lead anymore. But that's a good thing (for Switzerland and the rest of the world).

Re: Credit Suisse scandal shakes Zurich’s elite

#90

> the contractor who acted as a middle man between Credit Suisse and a private investigation firm took his own life. Damn. I wonder whether there was any foul play involved, or just too much pressure to handle.

Common sense says there is usually a LOT of foul play among high ranking banking officials.

Seriously there is some sort of amnesia effect going on. The rate that banking execs get in trouble closely matches mafia families.
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