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Ackermann Leaves Zurich After CFO Death

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Ackermann Leaves Zurich After CFO Death
AIRED:
Another shock for corporate Switzerland. Josef Ackermann, Chairman of Zurich Insurance, has resigned after the apparent suicide of the firm's CFO Pierre Wauthier. The former Deutsche Bank CEO said in a statement Wauthier's family believed he shared some of the blame for his death. It's been a rocky ride for Zurich recently. Flooding in Europe and tornadoes in the US saw it post a 27 percent fall in second-quarter net profit due to natural disaster payouts.moreless
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