“They’re very arrogant people. They think they’ve won. They’re short-termist, they’re extremely focused on the bottom line, they’re driven by results division by division. But what’s the long-term strategy?”
In case you hadn’t guessed, this is a senior Union Bank of Switzerland manager in London talking about his new colleagues (or masters) from Swiss Bank Corporation. He recalls the shock of the takeover, referred to at the time as a merger of equals: “It was real tanks-on-the-lawn stuff.
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