The Short Tenure and Abrupt Ouster of Banking’s Sole Black C.E.O. - The New York Times
This is what Tidjane Thiam had to face in Swiss banking - from a piece on his tenure at Credit Suisse by
A party featuring a Black entertainer sweeping the floor to music and white guests wearing Afro wigs was just one disturbing moment for Tidjane Thiam as Credit Suisse's C.E.O.
The true story of Tidjane Thiam ouster. Cold sweat.
Here is the full story
The Short Tenure and Abrupt Ouster of Banking’s Sole Black C.E.O.
In summary, according to the NYT: Ivorian CEO and Pakistani Executive Vice President at giant bank get involved in a scandalous clash, but white Swiss people are to blame.
Almost anywhere you are in the world, being Black means navigating impossible standards for acceptance. Two great pieces illustrate that: 1) w/story of former Credit Suisse CEO who lifted the bank financially but wasn’t “Swiss” enough
“Their unspoken message, he said, was: You cleaned up the mess. Now leave. It’s a pattern known as the “glass cliff” — the tendency of institutions to install women and minorities as leaders only when there’s big trouble, and then shunt them aside.”
This is a fascinating, deeply reported piece by ⁦ Kelly⁩ about race and power at the top of the financial world
"It's the essence of injustice to hold against someone what they are..." Tidjane Thiam. I'm sure Mr Thiam had his faults but can't help wondering after reading this, if & how different his story might have been if he had been white. H/T
What a tragedy! It's a small, yet powerful, example that if you're a black person in certain industries, there's literally no room for mistakes. You have to be unhumanly perfect & flawless. You're watched: 1 mistake, regardless how small, and you're out.
Interesting new chapter of the Thiam Saga by : The Short Tenure and Abrupt Ouster of Banking’s Sole Black C.E.O. via
"The Zurich press rode him for not appearing sufficiently Swiss," writes in this terrific story of a banker, the only Black CEO of a top-tier bank, who succeeded but got sacked anyway.
A quick read worth a lot of thought. Swiss Banks aren’t an anomaly in all this, just one more example.
The Short Tenure and Abrupt Ouster of Banking’s Sole Black C.E.O.
A must read. The Short Tenure and Abrupt Ouster of Banking’s Sole Black C.E.O.