When Corporatism leads to corporate governance failure, the case of the Swiss watch industry

Available to buy as a paperback or free to download via the PDF link.;By: Dr Isabelle Schluep Campo;Head of Sustainable Impact, Centre for Corporate Responsibility and Sustainability at the University of Zurich;and Dr Philipp Aerni;Director of the Centre for Corporate Responsibility and Sustainability at the University of Zurich;Sample Quotes from the book include;“One must acknowledge the ability of Nicolas Hayek to mobilize his business network and personal resources in a way that maximize financial returns not just for himself but also his partners. Ultimately these skills made him a billionaire.”;“Pretending to be Robin Hood while representing the establishment”;“the reliance on the “Swissness” premium also led to complacency”;“Hayek must of known that ASUAG was not in dire state but actually a goldmine”;“a state monopoly essentially fell into private hands and the consequences for the industry as a whole are felt to date”;“both Hayek and Jobs (Steve) were strongly focused on ruthlessly taking advantage of their market power and were known to be arrogant and vain”;“Nicolas Hayek merely inherited a former state monopoly that he later converted into a private monopoly”;“Nicolas Hayek was brought into the watch business by the establishment”;“It was not Nicolas Hayek who revolutionized the watch business with the development and successful commercialization of the Swatch, but Ernst Thomke and his team.”;“The Swatch Group continues to rely on extracting monopoly rents”;“The Hayek family does not seem to worry because its members have reason to believe that Swiss corporatism will protect their business, allegedly in the “public interest”;Available to buy as a paperback or free to download via the PDF link.