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"I do not see a reason why we shouldn’t pay people that do the same job with the same salary""I do not see a reason why we shouldn’t pay people that do the same job with the same salary""I do not see a reason why we shouldn’t pay people that do the same job with the same salary"
As CEO of Ikea Switzerland, Simona Scarpaleggia practices what she preaches. Having closed the pay and gender gaps at her company, she challenges other managers to do the same, calling it a win-win for both business and morale. She also urges women to be open about their ambitions and unafraid to be changemakers.
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Tanya König
Swiss art dealer: Don’t expect to make a lot of money in first 20 years
Eva Presenhuber is one of most influential art dealers in the world. She owns galleries in both Zurich and New York and has also been in the selection committee of Art Basel. She tells us what it takes to make it into the prestigious fair and how to stay relevant in the ever-changing art market.
Martina Fuchs
Kevin Rudd: China, U.S. not yet at "one minute to midnight"
Ex-Australian Prime Minister and China expert Kevin Rudd thinks trumpeting the arrival of a new Cold War between the world’s two economic superpowers is overblown: “There has been a sea change in the U.S. view of China,” but the world has not yet reached “one minute to midnight.”
Ana Maria Montero
MCH Group strikes new deal with hotels in move to reinvent Baselworld
MCH Group has concluded a deal with hotels to end minimum stay requirements and cap prices during Baselworld. The cost of exhibiting at the struggling trade fair is also being reviewed. Interim CEO Hans-Kristian Hoejsgaard says the aim is to “offer more and keep the costs where they are, maybe even reduce them.”
Hannah Wise
Pension funds eye crypto investments
With Switzerland’s aging population and the ever-increasing pressure on pension funds, our Newsmaker explores the potential for crypto investments. Willi Thurnherr, the CEO of Aon Retirement Switzerland, tells Hannah Wise that pensions are far from boring.
Hannah Wise
Swiss chocolate maker: “We want to stay independent”
Chocolatier Camille Bloch is a third-generation family business—and the only family-run chocolate company in Switzerland. Hannah Wise sits down with CEO Daniel Bloch to discuss the pressures of succession.
Hannah Wise
Avaloq chairman: Get ready for Formula V
Avaloq founder Francisco Fernandez is chasing down his dreams of owning a B2C business by launching Formula V, a virtual form of Formula-level driving. Here he tells us more about his plan and why he likes to create companies.
Hannah Wise
Sensing Success: Sensirion CEO looks back on landmark year
It’s been one of the most successful IPOs in the world so far this year. But Sensirion CEO Marc von Waldkirch says he’s glad it’s over. Hannah Wise caught up with him to find out what’s next for the Swiss company and for the CEO who says his door is always open.
Martina Fuchs
WHO head of public health: Why air pollution is the “new tobacco”
Wealthy countries like Switzerland have shown that they can develop economically “without polluting [their] environment,” says Maria Neira, WHO’s head of public health. Like smoking, people needed to know about the health risks of breathing air that isn’t clean, argues Neira.
Olivia Chang
Liechtenstein bank sees big rise in blockchain clients from Switzerland
The former PM of Liechtenstein Mario Frick thinks Swiss banks will start doing business with blockchain firms by second half of 2019. Currently, these types of companies struggle to open bank accounts. Bank Frick is already offering these services and has seen a huge rise in blockchain clients.
Ana Maria Montero
What can banks do to promote more female executives?
At UBS, 25 percent of managers are female, according to Stefan Seiler, group head human resources. If that sounds low, it’s still above average in Switzerland. Seiler says that while UBS is working to raise that number the problem lies within Swiss culture, making it a difficult challenge. Part 2 of our special series with Universum.
Martina Fuchs
Why management fees should “go south,” according to IFM CEO
Given the low interest rates, changing fiscal policy, and confusing geopolitical landscape, “it’s the toughest time in 30 years” for funds, says Brett Himbury, the CEO of Industry Funds Management. With uncertain times ahead, he says the focus should be on returns, not on high management fees.
Ana Maria Montero
What does it take to put on a show for 20,000 people?
Creating a show for thousands is no small feat, especially one like the Fête des Vignerons, which comes around once a generation. But Daniele Finzi Pasca, co-founder of Compagnia Finzi Pasca, has put on shows for the likes of Cirque du Soleil and the Olympics so he knows a thing or two about it.
Martina Fuchs
Switzerland Travel Centre expects Chinese tourists will double in next 2-3 years
Switzerland Travel Centre, the country’s largest tour operator, projects that within the next three years the share of tourists coming from China will increase to 20 percent. In an exclusive interview with CNNMoney Switzerland, CEO Michael Maeder says, “We are getting 10 percent of the share from China this year, but we do expect it to grow.”
Hannah Wise
How does Switzerland stack up when it comes to science?
Diversity is a major asset when it comes to science and medicine in Switzerland, says Francis-Luc Perret, director of the ISREC Foundation, which supports experimental cancer research. The former EPFL professor says it furthers “new ideas, new concepts and new paradigms,” which he says has worked to the country’s advantage.
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