UBS Loses Fiat/Chrysler and Shell Oil CEOs from Board of Directors
In today's economy, few industries are hurting as much as automobiles and finance. And while there are more than a few shining stars working on fixing both, by and large they're not the same people. Against this backdrop, the chief executives of Fiat and Chrysler on the one hand and Shell oil on the other are stepping down from the board of Swiss banking giant UBS.
Sergio Marchionne, who is currently serving simultaneously as CEO of both the Fiat and Chrysler automotive groups – including the Alfa Romeo, Lancia, Fiat, Dodge, Chrysler and Jeep brands, among others – was touted as a potential candidate for chief executive of UBS, and currently serves as its vice chairman. Royal Dutch Shell CEO Peter Voser, meanwhile, rose to his current rank after several years as its chief financial officer. But with Fiat, Chrysler and Shell all in the midst of comprehensive restructuring plans, neither Marchionne nor Voser have the time and energy to be supervising UBS AG's restructuring as well.
Justin Bieber BOOED While Accepting Award
Justin Bieber Booed, Gets Standing Ovation at Billboard Music Awards
PHOTOS:Eva Longoria's Almost Wardrobe Malfunction At Cannes
2013 Billboard Music Awards Best and Worst Dressed
2013 Billboard Music Awards: All the Winners!
LOOK: Dolphins Make Rare Underwater Find
Forbidden America: Cold War-Era Map Shows No-Go Zones For Soviet Tourists
Watch: Kansas Meteorologist Seeks Shelter From Tornado
Cher's Show-Stopping Style
Oldest Water on Earth Found Deep Underground
Selena Gomez Leaving Justin Bieber's House: Booty Call Rumors Swirl
Powerball Jackpot Winning Ticket Purchased In Florida
Tenants: Stench of Death Makes St. Louis Complex 'Unlivable'
2013 Billboard Music Awards: Arrivals Photos From the Blue Carpet!
Mom Thought Family Was Being Stalked By 'Demonic Presences': Cops
Ricardo Cerezo, Facing Eviction, Finds $4.85 Million Lottery Ticket
OUCH: Singer Jumps, Lands On Fan's Neck
PHOTOS: Stars Shine On The 2013 Billboard Music Awards Red Carpet
Kristen Stewart, Robert Pattinson Reportedly Split
Obama Approval Rating Not Hurt By Scandals
Stefon Marries Anderson Cooper In Final Show
Radio Host Makes Shocking Claim About Shooting Hillary Clinton
LOOK: National Geographic's Stunning Photo Contest
These American Companies Refused To Sign The Bangladesh Safety Accord
All The Pics: Jessica Ennis Marries Andy Hill
Teen Who Died During Her First Solo Drive May Have Been Texting
How Kidnapping Suspect Passes Time Behind Bars
Suspected PayPal Hackers Seek Deal To Stay Out Of Prison
You Can Blame Hipsters For That $7 Bud Light
Winning Powerball Numbers
The Worst Job Interview Mistakes
PREGNANT!