Daily Archives: August 29, 2013

John Gapper

Suicide is a tragedy and it is impossible from the outside to know exactly what led to someone taking his own life. But Josef Ackermann’s resignation as chairman of Zurich Insurance following the apparent suicide of Pierre Wauthier, its chief financial officer, is an extraordinary event. 

Did you hear the one about the strategy consultancy that could not work out a strategy for itself? It might make chief executives being billed $500 an hour for the wisdom of McKinsey & Co or Boston Consulting Group chuckle, but it is not a joke for the industry.