Sergio Ermotti person
also: Sergio Urmaki, Ramadi, Armani, Irmadi, Armadi
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Claims (2)
Sergio Ermotti succeeded
Peter Wuffli documented
“And just basically Eric Holder got to choose who got the money. And it wasn't the shareholders who lost. It was whatever little cause they wanted to give it to. And that's a major scandal that we have not recovered from. All right, so UBS i…”
▶ The Shadow State 50 UBS - King of the Swiss Banks @ 55:41
Ralph Hamers succeeded
Sergio Ermotti documented
“and he's succeeded by a guy that worked for ING by the name of Ralph Hamers. Do I have that picture of Ralph? Nope, I didn't get Ralph up there. Well, retirement doesn't last very long. So Credit Suisse, well, you heard about Silicon Valley…”
▶ The Shadow State 50 UBS - King of the Swiss Banks @ 1:00:14
Mentions (5)
▶ 55:41
And just basically Eric Holder got to choose who got the money. And it wasn't the shareholders who lost. It was whatever little cause they wanted to give it to. And that's a major scandal that we have not recovered from. All right, so UBS i…
▶ 56:46
something I'm very proud of. Because not often do you have to make a moral decision where you choose the right thing over money and actually do the right moral thing. So that's why I talk about it. And I do that to encourage other people to…
▶ 59:11
and I think he got some kind of reparations for time served. Apparently, he was a patsy, and his managers were the ones really doing the rigging, but they got to keep their bonus and never got prosecuted. So that's the story of Mr. Tom Haye…
▶ 59:41
We're going to have capital discipline. And he goes out there and tries to rebuild trust one client at a time and does a pretty good job of it. But haven't we heard this story in this story already once? Well, just when you think they're ou…
▶ 1:01:44
But they had to bring Armadi back in to manage the integration and the disposition of all the toxic assets, which is going on to this day. So the question I leave you with is, are they now too big to fail? We shall see. Well, they're defini…