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Chlapowski with his head

6 November 2002 By Mike Monnelly

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Chlapowski with his head

6 November 2002 By Mike Monnelly

First Royal & Sun, now Scor and Swiss Life have parted company with their chief executives. The market is finally imposing discipline on the industry’s most egregious misallocators of capital. Zurich Financial Services and Royal & Sun Alliance lost their chief executives after overpriced acquisitions. But the reasons for Chlapowski s departure may be more worrying.

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