Sergio Ermotti Quotes
When you start to get shareholders, clients, employees, rating agencies, and everybody converging, and then your competitors bad-mouth you, you know you did the right thing.
Ermotti, Sergio. Interview. Financial Times, Financial Times, 2016.
This is the definition of good business that most conservative a business interests prefer. They do not wish to differentiate among the businesses nor do they wish to imply that businesses have any other obligations or desirable characteristics. By this definition, a business that makes money producing adult pornography is as good as one that develops pharmaceuticals; one that creates well paying jobs is as good as one that creates minimum wage jobs or even exports jobs overseas. Complying with the law in a democracy has never been a definition of good citizenship. It is a minimum duty to which all are obliged some businesses enhance the quality of life; others diminish it. This is where many differ with Mr. Longworth.
Sergio Pietro Ermotti is a Swiss investment banker and former stock trader. He was the chief executive officer (CEO) of UBS Group AG between November 2011 and November 2020. Ermotti is slated to succeed Walter Kielholz as the incoming chairman of Swiss Re, Switzerland's largest reinsurance company, in 2021. He previously served as the deputy chief executive for Italian bank UniCredit, from 2007 to 2010.