The loss of reality
Posted: Tue Feb 04, 2025 7:16 am
Martullo Blocher put it succinctly: "Managers should earn a lot when they are successful - but little when they are not." The average consumer cannot understand why failures are given millions (when losses run into billions). In fact, managers should be penalized for poor management.
Back to Rohner's behavior: It was striking canada rcs data that his statements repeatedly reflected a clear loss of touch with reality. I will cite two examples:
First, “ The back and forth over bonuses is ultimately a philosophical question – should a management team that has achieved its stated performance targets and generated operating profits be made to pay for losses due to past events?”
Compensation reports have nothing to do with philosophy.
Secondly: "From day one at CS and in every role I have had, I have contributed to improving the company and its processes and to changing things that I did not consider to be right."
On the loss of reality: Rohner, the shrewd tactician, expects to impress investors with his contribution. It is worth remembering that since he took over as CS President in April 2011, the major bank's shares have lost 57 percent of their market value.
Rohner was spared the scourge in the Hallenstadion, and the major shareholders once again came to his rescue. But the shareholders' warning will certainly not only leave its mark on Rohner. Although the CS management has managed to withstand the headwind for the time being, there will inevitably be personnel changes later - after the serious loss of confidence. Because a captain who has lost touch with reality is unacceptable, and not just for the shareholders.
Back to Rohner's behavior: It was striking canada rcs data that his statements repeatedly reflected a clear loss of touch with reality. I will cite two examples:
First, “ The back and forth over bonuses is ultimately a philosophical question – should a management team that has achieved its stated performance targets and generated operating profits be made to pay for losses due to past events?”
Compensation reports have nothing to do with philosophy.
Secondly: "From day one at CS and in every role I have had, I have contributed to improving the company and its processes and to changing things that I did not consider to be right."
On the loss of reality: Rohner, the shrewd tactician, expects to impress investors with his contribution. It is worth remembering that since he took over as CS President in April 2011, the major bank's shares have lost 57 percent of their market value.
Rohner was spared the scourge in the Hallenstadion, and the major shareholders once again came to his rescue. But the shareholders' warning will certainly not only leave its mark on Rohner. Although the CS management has managed to withstand the headwind for the time being, there will inevitably be personnel changes later - after the serious loss of confidence. Because a captain who has lost touch with reality is unacceptable, and not just for the shareholders.