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Tidjane Thiam Set for Donut Bonus?
Does Credit Suisse's loss-making year mean a «donut» instead of a bonus for CEO Tidjane Thiam? A lobby of Swiss banking's rank and file thinks so. The Swiss bank's boss, Tidjane Thiam, doesn't deserve to take home a juicy bonus after Credit Suisse...
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Bonus Season: Boom Times for Ermotti, Thiam and Friends
It doesn't take a crystal ball: the 2017 bonus season will be very kind to Sergio Ermotti and Tidjane Thiam. The duo may even bump into a sonic pay barrier, finews.com shows. At UBS, the die is cast: the Swiss bank publishes its annual report including...
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Executive Pay: Credit Suisse vs UBS
Credit Suisse doesn't pay its CEO more, but better than UBS. finews.com crunches the numbers on how important their respective stock performance will be for Sergio Ermotti and Tidjane Thiam. 1. Credit Suisse and Thiam Beat UBS and Ermotti In effective...
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Credit Suisse CEO Wins Pay Hike
Credit Suisse lifted pay for CEO Tidjane Thiam in his fourth year on the job. The Swiss bank said it wished to reward the top executive for a grueling three-year restructuring. The Swiss bank paid Chief Executive Tidjane Thiam 12.65 million Swiss...
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CEO Tidjane Thiam Mulling CS Exit?
Credit Suisse boss Tidjane Thiam threatened to walk if the bank's lavish and massively controversial pay plan didn't pass muster with shareholders, according to a report on Tuesday. The embattled bank terms the report «pulled out of thin air»....
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Tidjane Thiam's Exit Sparks Pay Controversy
The bonus for ex-Credit Suisse CEO Tidjane Thiam for 2019 is reportedly hotly contested within Credit Suisse. The math around former CEO Tidjane Thiam's bonus for this year is reportedly the subject of debate among directors of Credit Suisse, Swiss...
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Credit Suisse Hikes Executive Pay
Pay for Credit Suisse top management including CEO Tidjane Thiam is reportedly poised to surge, despite a share price drop last year. Meanwhile the staff bonus pool for 2018 appears flat. Credit Suisse has frozen its 2018 bonus pool while awarding its...
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Another Opponent to CS Pay Plan
More bad news for Credit Suisse: a weighty U.S. shareholder group plans to broadly reject the Swiss bank's pay policies at an investor meeting later this month, finews.com has learned. In what appears to be a growing movement against high executive...
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About Those Banker Bonuses...
Springtime brings shareholder meetings and the annual flagellation of bankers over pay. Those fanning the flames of popular ire haven't always thought their case through, finews.com's Jeffrey Voegeli writes. Shareholder advisers like Glass Lewis and...
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Credit Suisse Backs Down on Pay
Credit Suisse said on Friday top executives around Chief Executive Tidjane Thiam and chairman Urs Rohner will relinquish millions in lucrative bonus schemes. The Swiss bank is bowing to shareholder power in a dispute over excessive pay. The Swiss bank...
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CS: Thiam's Pay Check in 2015
Tidjane Thiam, chief executive officer at Credit Suisse since the summer of last year, remained true to his word and decided to forego some of his bonus. A former colleague of his received a bigger pay check. Tidjane Thiam received 4.6 million Swiss...
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Bonus Payments: The Pressure Is on CS
Deutsche Bank has radically cut bonus payments to its managers and Italy's Unicredit recently reduced salaries. It would make a lot of sense for Credit Suisse to follow suit. The final verdict is here: Credit Suisse (CS) has to pay $5.28 billion to...
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Tidjane Thiam’s Seven Mistakes
It’s been nearly a year since the French-Ivory Coast executive took the helm at Credit Suisse. With the bank in a sorry state of affairs, it seems Thiam still hasn’t truly settled down in the job. Why not? Just like Credit Suisse’s press releases, this...
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CS Boss Warns of Small Pay Rises
Employees at Credit Suisse won’t get large pay increases this year as Switzerland’s second-largest bank is looking to conclude a three-year restructuring. Shareholders by contrast can expect to receive something in return for their patience. Chief...
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Banking Better Without Bonus Payments?
The bonus payments to bankers once again are hotly disputed in Switzerland. Doing away with such variable forms of compensation is not under consideration in the country even though some foreign companies have shown this to be a viable option. The...
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CS Gains Investor Support
Shareholder groups have been highly critical of Credit Suisse's million-Swiss franc bonus policies. One major shareholder is coming out in support of the Swiss bank's chairman Urs Rohner. Credit Suisse's shareholder meeting is looming next week, but...
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Credit Suisse Cuts Ex-CEO's Bonus
Ex-Credit Suisse CEO Tidjane Thiam's bonus was docked last year because of a spy scandal. Thanks to a cash windfall, his actual payday in 2019 was his largest in his five-year tenure. Credit Suisse cut ex-CEO Tidjane Thiam's pay by 17 percent last year...
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CS Bonus Cuts Fail to Sway
Credit Suisse top executives and board members caved to shareholder pressure on bonus pay last week. Three influential shareholder groups remain unconvinced. Zurich-based Credit Suisse surprised investors on Friday – a major holiday in large parts of...
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Credit Suisse Pays CEO Thiam Less
Credit Suisse boss Tidjane Thiam's pay fell 5 percent last year, while that of controversial Chairman Urs Rohner rose more than 7 percent. The Swiss bank paid its Chief Executive Tidjane Thiam 9.70 million Swiss francs ($10.26 million) last year,...
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UBS Boss' Pay Edges Higher
Sergio Ermotti's pay edged higher last year. The Swiss bank's 11-person management took home nearly 100 million Swiss francs total. He looks set to remain one of Europe's best-paid bankers: UBS' long-standing CEO Sergio Ermotti took home 14.2 million...
