people sometimes". Orcel has repeatedly stated that, due to the competitive nature of banking, one-in-four (25%) of mergers and acquisition (M&A) bankers do not make it past entry-level positions. Orcel frequently uses the Italian auto-manufacturer Ferrari to describe his affection for "focused" and "lean" execution of strategies as opposed to bigger, less versatile banks, i.e. as opposed to a Fiat automobile. He similarly uses European football to describe such strategies, referring to UBS as the "Croatia of investment banking" following the 2018 FIFA World Cup final. In June 2016, Orcel led an initiative where UBS bankers were granted two hours of "personal time" every week in order to boost work–life balance. On March 31, 2017, Orcel expressed his affection for shared parental leave and voiced his support for the growing movement in Europe to let fathers and mothers take extended time off of work to be with newly born and young children. In April 2018 Orcel issued an internal memo to UBS managing directors requiring that they hold 250 to 300 client meetings a year. This memo reportedly initiated a mass exodus of senior investment bank leadership in late 2017, as the latest in a series of "frequently changing strategies". Shortly after announcing the new directive, Orcel initiated a client meeting monitoring system that culminated in further departures. Employees of the bank who missed meeting targets received e-mail rebukes from Orcel and other executives. An unnamed senior executive at the investment bank stated: "[Andrea Orcel] is the best banker I've ever worked with and the worst manager I've ever seen" after the directive hit international presses. On October 15, 2018, Orcel was at the center of a Financial News London editorial investigation into his management style. The editorial team interviewed a variety of UBS executives with whom he had worked with from November 2012 to September 2018. The report concluded that Orcel had a "pattern of aggressive behavior towards other executives". Select accounts asserted that Orcel pursued personal vendettas against detractors, often wishing to "make examples of out [his colleagues]". Unnamed UBS executives argued that the report sensationalized internal misunderstandings and communication failures. UBS and Santander both issued statements that disagreed with the characterization and findings of the report. Public image and legacy Orcel has been called the "Ronaldo of investment banking" (in reference to footballer Cristiano Ronaldo) and a "deal junkie" by the international press and select British government