Zurich chairman quits after finance chief's death

Associated Press
Zurich chairman quits after finance chief's death

FILE - A Thursday, May 31, 2012 photo from files of Josef Ackermann gesturing during the annual shareholder's meeting of Deutsche Bank in Frankfurt, Germany. The chairman of the Zurich Insurance Group, Josef Ackermann, abruptly resigned Thursday, Aug. 29, 2013, over the apparent suicide of its chief financial officer, claiming he wants to avoid damaging the company's reputation. Josef Ackermann, who is Swiss and a former CEO of Deutsche Bank, Germany's largest, said in a company statement that he was resigning because he believed the undisclosed accusations leveled against him by the family of deceased CFO Pierre Wauthier could hurt Zurich's top ranks. (AP Photo/Michael Probst, File)

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