On Friday afternoon, the final pillar of EuroTransit’s hostile campaign crumbled into dust. Inside the private banking salon of Banque Privée Pictet in Geneva, the senior managing partners of the Swiss bank—who held custody of six percent of Vale Capital’s preferred shares on behalf of European industrial families—convened an emergency investment committee. Having reviewed Sienna’s audit of EuroTransit’s safety fraud and the overwhelming support from American pension funds, the Swiss…
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