http://finance.fortune.cnn.com/2014/01/03/santander-botin-trouble/
All this comes at a time when Botín has lost his longtime No. 2. In
April, Santander's veteran CEO, Alfredo Saenz, 70, was forced to quit
over allegations that he made false accusations in a case that involved
Banesto, a rival Spanish bank that Saenz ran until it was acquired in
1994 by Santander. Along with Botín, Saenz led the bank through its long
period of expansion. Botín backed Saenz until the end.
In his place, Botín appointed a relatively inexperienced executive,
Javier Marin, 47, who used to run the firm's private bank. Some have
concluded that Marin is just a placeholder for Ana Botín, 52, Emilio's
daughter, who runs the bank's U.K. division. But it's unclear if
shareholders would back another family handover, especially at a time
when the bank appears to be struggling.
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