If the attendees at the World Economic Forum in Davos, Switzerland, this week are the story of people who lead in politics and business or aspire to, the names of those not making the trip tell a different tale.
UBS AG interim Chief Executive Officer Sergio Ermotti and Chairman Kaspar Villiger met with undisclosed investors last week in Zurich, SonntagsZeitung reported, without saying from where it obtained the information.
The Government of Singapore Investment Corp., UBS AG’s biggest shareholder, repeatedly expressed confidence in Oswald Gruebel, NZZ am Sonntag reported, citing an interview with UBS Chairman Kaspar Villiger.
Seagate Technology, the world’s largest maker of hard disk drives, is based in Scotts Valley, California. Yet the documents it files with the Securities and Exchange Commission list its address on South Church Street in George Town, the capital of the Cayman Islands, David Evans of Bloomberg News reports.
UBS AG defended its decision not to take any legal action against former executives and board members, saying Switzerland’s biggest bank “learnt the lessons” from the credit crisis and a dispute with U.S. tax authorities.