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A True Captain At the Helm

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Macamus Prime

Macamus Prime

Diamond Member
Here is a "positive" story regarding corporate leadership: http://hereisthecity.com/2011/09/26/ubs-staffer-betrayed-oh-ossie-how-could-you-do-it/

UBS, which is a Swiss financial investment company - recently experienced unauthorized trading. Which will result in approx a $2.3 billion loss. Oswald isn't really responsible for this unauthorized trading. It is actually the buffoon who is in charge of the Investment Bank arm at UBS.

But, like a true and proper leader, Oswald takes the responsiblity and steps down.

American CEOs need to be more like Oswald. Now, UBS itself is known for hiding money for the rich and trying to cheat the US government out of taxes. However, Oswald's actions prove not every CEO is a scum sucking greedy prick.

It is disappointing that he is leaving (as noted in the link), because he was the one who led the bank out of troubled waters. And, his departure may lead the firm back into said troubled waters - especially with this impending double dip recession.

Oswald Gruebel - thank you for proving, and reaffirming, not every CEO/rich person is out to screw people out of their money and hard work. Most do, but, just like you; clearly not all.

,.... respect.
 
I am failing to see why a CEO stepping down because an underling committed a fraud is a "positive" story. Why do we always assume the "right" thing to do when somebody below somebody else is to step down?

And reading your link. It doesnt sound like the person who wrote it feels his move was "positive" either. More like a captain getting on a life raft and telling the crew to get bent.
 
Genx87 said:
I am failing to see why a CEO stepping down because an underling committed a fraud is a "positive" story. Why do we always assume the "right" thing to do when somebody below somebody else is to step down?

And reading your link. It doesnt sound like the person who wrote it feels his move was "positive" either. More like a captain getting on a life raft and telling the crew to get bent.
Click to expand...

Thus the quotes around the word positive.

Frankly, it looks like he just doesn't want to deal with fixing something like this. He did enough to save UBS from going tits up in '08. And, to have someone commit fraud, at such a high amount, and pretty much undo all the good he has done - could have made him just throw up his arms and say; "I give up".

But, he is owning up to what happened. Very few American CEO do anything of the sort.
 
Macamus Prime said:
Thus the quotes around the word positive.

Frankly, it looks like he just doesn't want to deal with fixing something like this. He did enough to save UBS from going tits up in '08. And, to have someone commit fraud, at such a high amount, and pretty much undo all the good he has done - could have made him just throw up his arms and say; "I give up".

But, he is owning up to what happened. Very few American CEO do anything of the sort.
Click to expand...

Ok, got it 😉
 
Atreus21 said:
Forgive me. Misunderstood/Read-too-fast your OP.
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No worries. I am always screaming about the greedy in this world.

Oswald is a fine example of how someone in such a position of power can be respected, and not loathed - because his actions and moral standing are things others should follow.
 
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