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Viewsroom

Viewsroom: Credit Suisse chair, Unilever’s GSK bid

Viewsroom

Reuters

News

4.458 Ratings

🗓️ 20 January 2022

⏱️ 19 minutes

🧾️ Download transcript

Summary

As António Horta-Osório quits the Swiss lender after less than a year, Liam Proud explains what happened and offers career advice. And Unilever’s 50 bln pound offer for the pharma giant’s consumer unit puts both CEOs on the spot, say Aimee Donnellan and Dasha Afanasieva. See acast.com/privacy for privacy and opt-out information. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0

Where do you find a clear signal in a world of static?

0:03.2

In a time of rapid change cut through the noise,

0:06.2

the economist goes beyond the headlines to decode the forces shaping today

0:10.7

and defining tomorrow.

0:12.7

Get the full story.

0:14.1

It's more than news.

0:15.4

It's a trusted global perspective.

0:17.2

The economist know which way is up.

0:20.7

The views expressed on this podcast are those of the participants, not of Roiders' News.

0:28.7

Credit Suisse's quarantining busting chairman is out of a job, and Unilever makes a 50 billion

0:34.6

pound play for toothpaste and painkillers.

0:37.9

Tune in as our columnists discuss our top business stories.

0:44.2

This Breaking Views podcast is sponsored by Refinerative, a London stock exchange business.

1:12.6

Welcome to the views room. I'm Peter Falarsen, an EMEA editor of Reuters Breaking Views, coming to you from North West London. For this week's edition, I talk to Breaking Views columnists about the latest upheaval at one of Switzerland's largest banks and a 50 billion pound tussle between two of Britain's biggest consumer goods companies. First, Liam Proud talks about the sudden departure of Antonio Horta Ozorio,

1:17.6

the high-flying bank executive who had taken over as chairman of Credit Suisse less than a year ago.

1:22.6

The latest in a series of unfortunate developments at the bank, which has been rocked by a spying scandal,

1:27.6

and the high-profile collapses of clients, including the Archegos hedge fund and supply chain lender

1:32.9

Greensill. Liam explains why breaching COVID quarantine rules cost Horta Ozeria his job,

1:39.0

and offers some tongue-in-cheek advice on the next steps in his career. After that, Amy Donovan and Dasha Afanasieva

1:46.2

discussed Unilever's surprising 50 billion-pound takeover bid for the Consumer Division of Glackso-Smith

1:52.8

Climb, the UK Drugs Giant. It's a high-stakes gamble by Unilever boss Alan Jope, who's under

1:58.2

pressure from shareholders grumbling about the performance of the

...

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