Credit Suisse Walks Back Bonus Program for Senior Leadership

[kreslik.news]

Credit Suisse’s short-lived bonus expansion for its top management has already been met with investor backlash, given the group’s recently reported -$2.4 billion loss in 2016 and other industry headwinds facing the lender.

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Last month, Credit Suisse announced an expansion in its bonus pool by 6.0 percent, along with a sizable bump for top management, including CEO Tidjane Thiam. The move was came at a time when other lenders were embarking on a different course altogether, such as Deutsche Bank, which gutted its bonus pool and opting for ... (read more)