This leave policy is a deeply misunderstood corporate benefit. Once largely confined to academia, it is still a luxury in many countries, yet also more prevalent than imagined.
Companies take over other companies all the time. Even in a slower merger and acquisition year, of which there have been a few lately, thousands of businesses hook up with one another around the world.
But few make the headlines that Switzerland’s UBS bank did this week when news emerged about the staff it took on after its 2023 rescue merger with its rival, Credit Suisse.
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Financial Times
Pilita Clark is an associate editor and business columnist at the Financial Times. She writes a weekly column on modern corporate life, as well as features and other articles.
