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...optimist," he told Time. Given Credit Suisse's recent track record, Mack could be accused of wishful thinking. Consider how the 146-year-old bank - Switzerland's second-largest, with operations globally - has seen its key divisions gouged by hostile market conditions. In the third quarter Winterthur, Credit Suisse's insurance arm, punched a €955 million hole in the books, as sagging equity prices took their toll on the unit's investment portfolio. And Credit Suisse First Boston (CSFB), the investment banking side, recorded a net loss of €423 million. But in spite of the dire numbers, Mack...

Author: /time Magazine | Title: How to Stop Sinking | 11/17/2002 | See Source »

...March, Sulzer Medica executives flew Scruggs to their headquarters in Winterthur, Switzerland. "Does everybody know what the IRS is?" Scruggs drawled before the stone-faced suits. "Well, I feel like an IRS agent who says he's here to help." He didn't get so much as a grin...

Author: /time Magazine | Title: Legal Strategy: Hiring A Fox... | 10/8/2001 | See Source »

Medica faced internal conflicts before it could evaluate legal advice. Some executives in Winterthur blamed their counterparts in Austin, Texas, where the joints were made, and the Austin executives looked to headquarters for direction. Says CEO Stephan Rietiker: "My first task was to bring people together and create team spirit...

Author: /time Magazine | Title: Legal Strategy: Hiring A Fox... | 10/8/2001 | See Source »

...home. I don't want unpleasantness with anybody." Instead she prefers to indulge her voracious interest in art and architecture. Traveling as a young mother with her two sons and a daughter, McCain tried to impart her love of art by taking her family on trips to Winterthur and the Hermitage. It didn't rub off on the Senator. "You have to really love churches," he says...

Author: /time Magazine | Title: McCain's Mother | 2/28/2000 | See Source »

What has happened to our beloved U.S.? Sex and money seem to be the main things that matter. Aren't they symptoms of decadence? We in Europe are rattled as well as astonished. HANS-JACOB HEITZ Winterthur, Switzerland...

Author: /time Magazine | Title: Letters: Oct. 12, 1998 | 10/12/1998 | See Source »

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