Chairman of the Board of Directors of UBS, Colm Kelleher and Chairman of the Board of Directors of Credit Suisse, Axel Lehmann attend a news conference on Credit Suisse after UBS takeover offer, in Bern, Switzerland. REUTERS/Denis Balibouse
WNU Editor: The above picture is from this photo-gallery .... Top Photos of the Day (Reuters).
4 comments:
WNU I know you’re a busy guy but it’s Axel Lehmann on the left who is not wanting to shake hands after the shotgun union of his bank with UBS.
That picture does speak volumes. People are attuned to start to shake hands at the same time. to not to, is telling.
I thought it would be the UBS guy not wanting to shake hands. I thought that UBS was voluntold by the Swiss government to take over Credit Suisse. In which case I thought the guy not wanting to shake hands would be UBS.
So why is the Credit Suisse guy so butt hurt? They had software to analyze the market. In my mind there are 3 cases.
1) Credit Suisse did a lousy job. They would still be angry and many people would be at themselves and others.
2) They did a creditable job and the things went south anyway.
3) Various governments worldwide set up a hostile business climate. Yes, they should be angry.
you are right ejmohr.
I have removed my remark.
The guy on the left is taller. There is a societal bias for taller people. The guy on the right is shorter and pudgier. does it make it worse for the guy on the Left? He might feel entitled.
The guy on the right has his lips pursed. He is not enjoying this encounter, but he has to go through with it. He might be happy with his bank getting larger and more powerful (who wouldn't?), but that feeling can wait. His immediate circumstance is that guy in front of him is upset. That guy also looks like his hand is about to be clenched into a fist.
It is a bad situation for both guys, but it has to be.
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