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Mental Health

Why the C-Suite can be deadly – The case of Martin Senn

It is not easy to be a manager, and even more difficult the higher you climb. But increased speed, uncertainty and complexity that dominate the everyday lives of decision-makers on C-Level are only one part of the problem. The by far worst part is the total loss of power and status which goes along with a loss of one’s influential position. Exactly this happened to Martin Senn who was the CEO of Zurich, one of the biggest insurance companies worldwide. He committed suicide end of May at the age of 59. Martin Senn was a long-time employee of the insurer, serving as its chief executive for six years before he was forced to step down in December due to public pressure following economic difficulties and a failed M[&]A transaction. The loss of prestige and influence had hit him hard. An acquaintance said Senn had suffered from depression recently.

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