All NEW Investors: Your gift matched $ for $ this week! GIVE NOW

Josef Ackermann resigns from Zurich after suicide of CFO

David Brancaccio Aug 29, 2013
HTML EMBED:
COPY

Josef Ackermann resigns from Zurich after suicide of CFO

David Brancaccio Aug 29, 2013
HTML EMBED:
COPY

Josef Ackermann, one of the most famous businessmen in Europe, has resigned as chairman of Zurich Insurance under highly unusual circumstances. The move was connected to the apparent suicide of the company’s chief financial officer, Pierre Wauthier.

“The unexpected death of Pierre Wauthier has deeply shocked me,” Ackermann said in a statement. “I have reason to believe that the family is of the opinion that I should take my share of responsibility, as unfounded as any allegations might be.”

Reporter Jo Fahy has the latest on the story from Zurich.

We’re here to help you navigate this changed world and economy.

Our mission at Marketplace is to raise the economic intelligence of the country. It’s a tough task, but it’s never been more important.

In the past year, we’ve seen record unemployment, stimulus bills, and reddit users influencing the stock market. Marketplace helps you understand it all, will fact-based, approachable, and unbiased reporting.

Generous support from listeners and readers is what powers our nonprofit news—and your donation today will help provide this essential service. For just $5/month, you can sustain independent journalism that keeps you and thousands of others informed.