Sunday night, sign the banking deal of the decade; Monday morning, hire a big-name chief executive to run it.
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UBS bets on Ermotti to pull off the deal of the decade
As soon as the ink was dry on the agreement to take over Credit Suisse, UBS chairman Colm Kelleher rushed to bring ex-CEO Sergio Ermotti back to run the bank and the deal. Execution risk is off the charts, and the nerves of shareholders, employees and taxpayers are jangling.
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