Credit Suisse: Timeline of Tidjane Thiam's Ouster
January 10, 2020: UBS Stanching «Spygate» Links?
The scandal seems to suck the air out of the room at UBS too. Director Isabelle Romy decides against standing for re-election before term limits kick in, a surprising decision given her influential voice in big strategic decisions.
The Swiss lawyer is married to Flavio Romerio – also a Swiss lawyer and the man who investigated Credit Suisse's surveillance scandal. The marital ties appear to be too great a risk for UBS to take. The bank denies this in a statement.
January 24, 2020: Pierre-Olivier Bouée vs Credit Suisse?
Credit Suisse's second surveillance investigation exposes a new risk: Bouée faces an uncertain professional future after being dropped by Credit Suisse, not to mention leaving $4 million in vested share awards on the table.
The French executive hires a lawyer to ponder legal steps against the Swiss bank – raising the specter that heretofore unknown facts may emerge.
January 27, 2020: CEO Tidjane Thiam
Thiam circumvents his own press advisers, responding directly via an unconventional, personal post on Instagram (he quickly deactivates comments after several followers ask him to resign). The CEO flatly denies that the report that de Sanctis is the «third man» in the Thiam-Khan conflict.
January 28, 2020: Swiss Establishment Lobbying
Months of trench warfare between Thiam, Khan, and Chairman Urs Rohner lay bare that Zurich's political and business elite are gunning for Thiam. Calls for the CEO to step down by bank-friendly Swiss daily «Neue Zuercher Zeitung» are their calling card.
