Two things you can not blame the heads of the Credit Suisse: a Lack of flexibility or lack of self-awareness. “In 2018 we will have completed our restructuring successfully and with a to the shareholders net profit of 2 billion Swiss francs, attributable to made the first annual profit after tax since 2014.”
So it is in the business to read the report of the second-largest Swiss Bank. And so the law is justification for the salary increase of the CEO Tidjane Thiam to 30 percent, as well as for the nearly 5 million Swiss francs, the salary of a Bank President Urs Rohner. The 2015 Thiam and Rohner-defined strategy was implemented and the Bank is a leading asset Manager with a “distinct expertise” in investment banking.
Therefore, also, the twelve members of the CS group Executive will enjoy a hefty salary increase of 34 percent. Overall, their compensation amounts to 93.5 million Swiss francs. And although the share price halved since the Thiams office in 2015, the CS up today, your cost of capital is not earned and the investment Bank made virtually no profit. In short: The rehabilitation is not completed, you would have to start again.
losses exceed profit still
as a reminder: Thiam 2015 announced that he wanted to lead the Bank into a bright future, and up to 10 billion Swiss francs profit. The reality is that the losses that have accumulated under his direction, will exceed the profit from 2018, still significantly. Measured against these statements, one can speak at most of a stage success.
in summary: The CS makes finally winning, and the salary of the chief is just under 13 million and not more than 20 million Swiss francs, as they deserved, the former CS-boss, Lukas mühlemann, and the counterparty to Marcel Ospel of UBS, even at the beginning of the Millennium. However, the success of identification of Thiam and Rohner to little. (Editorial Tamedia)
Created: 22.03.2019, 19:27 PM