Oh No She Di'Int

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I don't think I have to tell you people that when you're the new guy somewhere, you keep your head down first, make waves and/or try and "shake things up" later. That's just how it's done. We thought the extremely recently appointed UBS CEO Oswald Gruebel, seen here performing a little impromptu stand-up with Credit Suisse chief exec Brady Dougan, was aware of this pretty much universal truth and yet this morning brings flagrant evidence to the contrary. Gruebel, who replaced Marcel Rohner last week and probably hasn't even redecorated his office yet, told local paper Finanz und Wirtschaft that while he gets that lax Swiss laws re: helping people not pay taxes has helped make the country a lot of money, "'it's questionable, whether we can continue to hide tax evaders behind banking secrecy,'' and urged that the rules be changed.

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