Tidjane Thiam quits as Credit Suisse CEO following spying scandal
He will be replaced by Thomas Gottstein who currently heads the bank's Swiss unit.
Breh turned that company around then they told him to beat it


This is what happened to ol boy with Golden State literally the year before they went on their historic run that’s lasting to today
when GS tries to say that it was all Steve Kerr.Makes sense.Experts and advocates for women of color say Black women are often hired or promoted to leadership roles at their jobs during times of crisis, which can lead to burnout or failure.
CNN reports the phenomenon is known as the “glass cliff,” which is essentially the opposite of the glass ceiling. Research from Utah State University shows Black women are more likely than White men to be appointed to leadership roles in companies that are struggling, putting them on the glass cliff.
Many Black women found themselves at the edge of the glass cliff in recent years due to an effort by companies and public agencies to diversify their companies and staff as part of the DEI initiatives that sprang up after the resurgence of the Black Lives Matter movement.
Kyra Kyles, who was promoted at her communications job after an abrupt staffing change, knows the experience well.
Kyles told CNN she knew she could handle the promotion and was already performing some of the responsibilities of the position. However, she was hurt by the fact that the company did not consider her for the promotion before it was in trouble. Additionally, Kyles said that as a Black woman, she felt immense pressure to perform the job without error.
“They didn’t expect us to miss a step even though there was a clear staff interruption,” said Kyles, who is now CEO at YR Media. “At that moment I felt more nervous because I thought that as a Black woman if I’m not able to knock this out of the park I don’t want it to be a situation where they don’t give another woman of color a chance.”
Other Black women who were appointed leadership roles only to experience the glass cliff include Dana Canedy, who became the first Black woman to head Simon & Schuster in July 2020 but stepped down earlier this year, and Yogananda Pittman, who was tapped as the acting head of the Capitol Police days after Trump supporters rioted at the Capitol, but retired last month to become the chief of campus police at the University of California, Berkeley.
Jennifer Farmer, the author of First & Only: A Black Woman’s Guide To Thriving At Work and In Life, told CNN that Black women who are appointed to leadership roles may receive their desired salary, but it often comes with a workload that is not sustainable, and a lack of support from the company – leaving them alone at the top.
“Whenever I see a Black woman who has cleared barriers, there is always a story there,” Farmer, who experienced the glass cliff herself, told CNN. “There’s always something that she is navigating, that she is negotiating with. Very rarely is it as good as it seems.”
For Black Women, Breaking the Glass Ceiling in Their Careers Can Quickly Turn Into a Glass Cliff
Experts and advocates for women of color say Black women are often hired or promoted to leadership roles at their jobs during times of crisiswww.blackenterprise.com
This is what happened to ol boy with Golden State literally the year before they went on their historic run that’s lasting to today
Experts and advocates for women of color say Black women are often hired or promoted to leadership roles at their jobs during times of crisis, which can lead to burnout or failure.
CNN reports the phenomenon is known as the “glass cliff,” which is essentially the opposite of the glass ceiling. Research from Utah State University shows Black women are more likely than White men to be appointed to leadership roles in companies that are struggling, putting them on the glass cliff.
Many Black women found themselves at the edge of the glass cliff in recent years due to an effort by companies and public agencies to diversify their companies and staff as part of the DEI initiatives that sprang up after the resurgence of the Black Lives Matter movement.
@19:30-21:54, 57:54-1:01:45
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It happens to black men too. Stanley O'Neal and Tidjane Thiam comes to mind.
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Stan O'Neal Ended the ‘Mother Merrill’ Culture and Hasn’t Run a Company Since
Stanley O’Neal left Merrill Lynch & Co. in shambles, and his career hasn’t been the same ever since.www.wsj.com
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The Short Tenure and Abrupt Ouster of Banking’s Sole Black C.E.O. (Published 2020)
Tidjane Thiam made Credit Suisse profitable again. But the Swiss rejected him as an outsider, and a sudden scandal took him down.www.nytimes.com
Black women are more eager for the positions that their white counterparts would abandon once they got a peek under the hood....
makes sense to me..
crisis creates an opening for work other people don't want...
take that opportunity and run with it...
white people break it
black people come in and fix it at the cost of personal life
they then push the black people out
repeat
"Muhammad Ali was asked if he ever wanted to become president
"If the captain comes from his captains quarters and walks all the way to the kitchen and hands you the keys to the ship...it means the ship is sinking"
The Obama presidency in a nutshell: 2 ongoing trillion dollar wars, entire housing market collapse; automobile industry collapse; international banking system collapse; record unemployment; Then after fixing all that put some dumbass cracker who went bankrupt 6 times and fumbled a $200 million dollar bag his daddy gave him in the 70s into power...only for him to destroy it all in 3 years (and no white men will be blamed for it).
Cacs manShyt Barack Obama. Inherited the biggest recession in American history and 2 disastrous wars.It happens to black men too. Stanley O'Neal and Tidjane Thiam comes to mind.
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Stan O'Neal Ended the ‘Mother Merrill’ Culture and Hasn’t Run a Company Since
Stanley O’Neal left Merrill Lynch & Co. in shambles, and his career hasn’t been the same ever since.www.wsj.com
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The Short Tenure and Abrupt Ouster of Banking’s Sole Black C.E.O. (Published 2020)
Tidjane Thiam made Credit Suisse profitable again. But the Swiss rejected him as an outsider, and a sudden scandal took him down.www.nytimes.com
The Mercury program and sending the first American man to space. Had all these white dudes with pocket protectors and crew cuts all over the news but Annie Mae in the back cooking the numbersMakes sense.
Professionals, especially white dudes, know that sistas can literally turn dog shyt into diamonds. It's the racist dream.
Hire a sista to fix things. If she does well, the white boy looks like a genius and the shareholders are happy...plus you get the diversity hype. If she fails, she'll take more heat than a white dude and you can say "we tried."
Better to get those top shelf positions though.
