Title: An essential book to understand the old UBS
Product review: This book shows how some [person] got promoted to the top position of a Swiss Bank. By intense internal politics and taking huge bets some unqualified Swiss banker was able to secure the CEO seat, which inevitably lead to disastrous consequences for the bank. The reasons for the fall of UBS are well explained and is a must for anyone wanting to understand how Switzerland's number one bank ended up merging with Swiss Bank Corporation, a smaller rival that secured all the top management position of the new entity. It seems to me that the other reviews of this book come from UBS employees that were working at the time in the bank divisions that caused the bank to almost fail. If you want to know why they are so bitter, read this book.
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