From a contributor Paula H.: Ex-CEO Of Largest Swiss Insurer Commits Suicide
Posted on | May 30, 2016 | No Comments
Ex-CEO Of Largest Swiss Insurer Commits Suicide, Three Years After CFO Hanged Himself
Submitted by Tyler Durden on 05/30/2016 10:46 -0400
Excerpt:
“…Zurich Insurance…reported that Martin Senn, the company’s former chief executive officer who stepped down in a December reshuffle, has committed suicide. He was 59.”
Excerpt:
“According to Bloomberg, Senn was found in his holiday house in Klosters, a Swiss ski resort, Blick newspaper reported.”
Excerpt:
“But what is most shocking about the news is that this is the second high profile suicide of an executive at the Swiss company. Recall that in 2013 Senn oversaw the suicide of none other than the firm’s former CFO, Pierre Wauthier, who hanged himself after a spat with then Chairman, and former Deutsche Bank CEO, Josef Ackermann, whom he accused of creating.”
Excerpt:
“…however, one thing is clear – with Europe’s NIRP and increasingly more ludicrous monetary policies, many more insurance company CEOs will be departing in the coming years, hopefully in less tragic circumstances.”
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