Chrysler’s new CEO, Sergio Marchionne, who also reigns over the company’s new Italian parent, Fiat, will be stepping down from the board of directors of Swiss bank UBS next year according to the financial institution.
According to the bank, Marchionne is stepping down to focus on his “demanding management positions” at Chrysler and Fiat, although positions at UBS have been seen as controversial due to the United States’ tax evasion probe of the bank.
Before Fiat entered into its controlling partnership with Chrysler, Marchionne had been considered a potential candidate to take over the stumbling bank, which has suffered over the last few years due to the subprime mortgage crisis.
New car price quote
Zero obligation price quote from a trusted local dealer.
09/29, 9:08 AM
posted by:
A4
Ohh no wonder they’re in such poor shape.
09/29, 9:17 AM
posted by:
2WheeledSpeed
Alright everyone, I’m starting a pool to bet on how long it takes before this thread becomes a flamewar over GM…
09/29, 9:21 AM
posted by:
Need more KY for GM
Chyrsler’s in the headline. Bring on the bashing…
09/29, 9:50 AM
posted by:
SomeGreek
World is ruled by few…
09/29, 10:04 AM
posted by:
05Z88Path
I’m guessing he’ll be able to a pretty good loan if he ever needs one…
09/29, 10:10 AM
posted by:
Bosley
So now he’s only gonna make like 80 gazillion dollars a year. Life’s tough for ol’ Serge….
09/29, 10:23 AM
posted by:
worst 3
I wonder if this is a good or bad?
09/29, 10:30 AM
posted by:
DenverGuy217
I still think he should be forced to drive a Chrysler Sebring for the next year….
09/29, 11:12 AM
posted by:
johnnycanuck
Don’t kid yourself. I’d bet you the Ferrari of your choice that he has at least driven one.
09/29, 1:08 PM
posted by:
DenverGuy217
I wonder if he’ll still be able to help Jim Press get a loan from UBS to pay his $1M+ IRS bill ……………
09/29, 1:50 PM
posted by:
johngalt
Why did LLN use a photo of John Belushi for this item? What’s he got to do with Chrysler?