Word: muhlemann
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...ailing insurer Royal & Sun Alliance, Andy Haste, 41, the CEO who took over last year, wasted little time in raising $1.8 billion in fresh capital and cutting 20,000 jobs. In Switzerland, Credit Suisse stock has risen about 40%, easily outperforming most rivals, since the bank ditched Lukas Muhlemann at the beginning of last year and replaced him with two bank veterans, Oswald Grubel and John Mack. They quickly took major write-offs to deal with festering operational troubles. The jury remains out on some of the new CEOs, including Michael Diekmann at Allianz and Giuseppe Morchio at Fiat...
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