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Switzerland, Home of the Elegant Corporate U-Turn

Switzerland, Home of the Elegant Corporate U-Turn

To Switzerland, and a beautifully engineered corporate u-turn. Zurich-based industrial group ABB Ltd. is considering a sale of its power grids business, according to Bloomberg News. The deliberations come nearly two years after CEO Ulrich Spiesshofer ardently rejected calls from activist Cevian Capital AB for the unit be separated.