European CEO

December 08, 2014 11:00 ET

European CEO on Ricardo Salgado and the Collapse of Banco Espirito Santo

LONDON, ENGLAND--(Marketwired - Dec. 8, 2014) - The reputation of Ricardo Salgado is quickly unraveling, now that many identify him as the man responsible for the collapse of one of Portugal's most powerful banks. As the country's best-known banker and CEO of Banco Espírito Santo, Salgado has long been seen as a leading light of the Portuguese financial community. However, the fall of Banco Espírito Santo brought all that to an end, and Salgado is today under investigation for fraud after a financial calamity that very few aside from him saw coming.

In the new issue of European CEO Selwyn Parker takes a look at the story in grizzly detail, focusing specifically on the rise and fall of the bank's boss Salgado. He finds that a series of misdemeanors were overlooked in the lead-up to Banco Espírito Santo's collapse, and, in the European CEO report, he reveals the true extent of the issues that caught so many unawares when Banco Espírito Santo eventually filed EUR10bn in losses.

Aside from Salgado's story, the Winter issue of European CEO delves into the subject of money and motivation, the downfall of Disneyland Paris and the stop-start history of Eurostar, along with a wealth of coverage on matters relating to business, management, finance and culture.

Also included in the new issue are the winners of 2014's European CEO Awards, who have each been chosen by a panel of experts for what they've achieved over the past year.

Available in print and online now, the Winter 2014 issue of European CEO offers an insight into the inner workings of the continent and the biggest stories in European business, finance, management and culture.

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