Great ripple in the industry when Widmer got ousted from Credit Suisse. In a show of unprecedented solidarity, a big chunk of CS follows Widmer to Julius Baer.
Think about it. How many of you would follow your CEO? Most of the rank and file only know of the CEO from the town hall chats and handshake at the annual dinnner. Hardly enough to get most of us to quit our jobs and move to a significantly smaller employer. Most of the inner circle senior managment are too entrenched to just pack up and go. That makes what Widmer did so amazing.
Made a contender out of JB when they were middling boutique with no ambition.
Nice Legacy. RIP
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