On-the-nose chronicle of why Tidjane Thiam left @CreditSuisse, as only an @nytimes can observe and tell. nyti.ms/30wvQKZ
Minor quibbles: his tenure wasn't short (four-plus years), and to say "His ouster attracted remarkably little notice outside Zurich" is inaccurate: the story dominated @WSJ and @FT financial services coverage for much of the five months between #spygate surfacing and TT leaving.
The piece is clearly told from TT's point of view and the @nytimes clearly had a lot of access to him and his family.
The tidbit about always being recognized, for example, is vintage TT: "Much of the attention was innocuous, but people who worked with him at the time say the constant exposure wore him down."
- this is literally a huge part of why you (and @UBS_CEO) were paid $13M each per year
There is no doubt that racism and xenophobia played a big part in his tenure as well as his ouster.
We're not the @nytimes but @finews_ch did try to describe this dynamic in January, one month before Thiam was forced out:
finews.com/news/english-n…
I would have also loved to see a bit more acknowledgement of the climate of insularity, extreme mistrust, and paranoia in Credit Suisse's culture that emerged since 2015 - have heard about this consistently from countless sources over the years.
finews.com/news/english-n…
The counterpoint is that facing that level of xenophobia and racism, some of it may have been warranted.
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