September 19, 2002, Lucas Muhlemann announced that he will retire as chairman and chief executive officer of Credit Suisse Group, with effect from 1 January 2003. Bank from a small Swiss launch 150 years ago in the global banking power. Over the last 5 years, it has grown rapidly in pursuit of the vision Allfinanz Muhlemann author. However, 2002 was a very difficult year. Its investment banking division was overshadowed by the scandal in a complex business environment, insurance arm had suffered heavy losses, and the stock price has fallen steadily. The new leadership of Credit Suisse was reflecting on the changes needed to rejuvenate the group. "Hide
by Ashish Nanda, Kelley Morrell Source: HBS 37 pages. Publication Date: January 11, 2003. Prod. #: 903087-PDF-ENG
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