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Kuoni set to dominate headlines

This content was published on May 4, 2001 Chief executive Hans Lerch and five board members called last Thursday for the resignation of the chairman, Daniel Affolter, and Alfred Kuoni, founder and president of the Kuoni and Hugentobler foundation. They accuse them of arranging for the foundation to pay out some SFr12 million to its own board trustees. Of this, Affolter is said…

Clear sailing for families on Swiss lakes

This content was published on May 4, 2001 More than 200 boats navigate Switzerland’s lakes and rivers. Among the most popular are trips on the faithfully restored paddle steamers that ply Lake Geneva – the fabled Swiss Riviera – Lake Lucerne in Central Switzerland or Lakes Thun and Brienz in the Bernese Oberland. Lake Thun this year has converted one of its more…

Kuoni bosses move to oust chairman

This content was published on May 4, 2001 The board is filing criminal charges for “disloyal conduct of business” against Affolter and the board of trustees of the Kuoni and Hugentobler foundation, which is the company’s largest shareholder. The foundation, created in 1957 by Alfred Kuoni, holds 6.25 per cent of Kuoni’s capital and 25 per cent of voting rights. The employment contract…

Basel establishes friendship ties with Massachusetts

This content was published on May 4, 2001 Despite the geographical distance – Massachusetts lies nearly 3,800 miles west of Basel – there are long-established links between Switzerland and the US state. Around 1,600 Swiss people live in the Boston area, and roughly 400 of those are studying at local universities. Basel, like its new American partner, has become an important centre for…

Game gives web users chance to play central bankers

This content was published on May 4, 2001 Mopos is a game in which users can assume the role of a central bank and simulate monetary policy in a simple virtual economy. The programme is the brainchild of National Bank economic adviser, Yvan Lengwiler, who spent the best part of a year developing it. His idea was to create a tool to explain…

Exhibition reveals how animals “talk” to each other

This content was published on May 4, 2001 Using audio, visual, olfactory and tactile methods, the communication of animals can be every bit as subtle, colourful or forceful as human speech. Every grunt, growl, chirp, scented marking or brilliantly displayed plumage speaks volumes to warn, seduce or express anger or fear. One example of animal signalling involves a form of deception. Referring to…

Swiss join efforts to wean world off tobacco

This content was published on May 4, 2001 After five days of negotiations at the World Health Organisation (WHO) headquarters in Geneva, delegates of the 190 member states headed home with the framework text of the agreement to present to their respective governments. The draft accord puts severe restrictions on tobacco advertising and calls for the gradual elimination of sponsorship of sporting events…

CSFB to axe 200 jobs in US

This content was published on May 4, 2001 The report said that the cuts were expected to affect bankers across the US, including some working for Frank Quattrone, head of CSFB’s technology group in northern California. They would mark the third round of job losses at CSFB in less than a year. The bank has declined to comment. CSFB has some 28,000 employees,…

Swiss want “Yeti” to take wing again

This content was published on May 4, 2001 The importance of the recovery expedition is being presented to the public for the first time at the Swiss Transport Museum in Lucerne. Twisted pieces of metal from Yeti’s body and recovered bits of its engine are on display beside a small Swiss flag tied to a mountaineer’s ice pick. They are pieces to the…

Kuoni faces boardroom battle

This content was published on May 3, 2001 They also demanded that the president of the Kuoni and Hugentobler foundation step down along with the foundation’s committee, which controls just over six per cent of the company’s capital and has a quarter of all voting power. The demand is reportedly a reaction to the payment of millions of francs to each foundation committee…

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