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- Address at ICI's 2017 Securities Law Developments Conference - SEC Commissioner Stein
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- Wells Fargo Sanctions Are on Ice Under Trump Official
- Josh Brown: Here's How to Buy Bitcoin, But Realize It Could Be One Giant Bubble
- Trump's New Tax Plan Could Cost Citigroup $20 Billion
- Morgan Stanley Fires Former Congressman Harold Ford Jr.
- Al Franken Will Resign Over Sexual Misconduct Allegations - His Full Resignation Speech
- Ex-NFL Player Gets 40 Years for Running $10Mn Fraud
- Bitcoin Blows Past $15K, Adding $2K in Under 12 Hours
- Financial Adviser Settles Charges for Defrauding Private Equity Fund Investors
- New Cross Market Equity Supervision Report Cards - FINRA Phone-In Workshop, WebEx Presentation
- Mueller Just Crossed Trump's Red Line, With Deutsche Bank Subpoena
- Wildfire Rages Near Los Angeles
- Former Company Insider Has $4.1Mn Payday as a Whistleblower
- Audit Firm, Anton & Chia, Conducted Fraudulent Audits of Penny Stock Companies - SEC
- Mueller Subpoenas Deutsche Bank Records on Trump and Family
- Bitcoin Nearly Halfway to $400Bn Value Predicted by Winklevoss Twins 4 Years Ago
- Fidelity Clients Suffer Second Website Glitch in Week
- CBOE Beats CME to Bitcoin Futures Launch with December 10 Start
- McKinsey Senior Exec Thomas Barkin Named New Head of Federal Reserve Bank of Richmond
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NEWSLETTERS & ALERTS
Credit Suisse Lost Nearly $3Bn, Yet Paid CEO $8Mn in Bonuses. Sheesh!
[Photo: CS Zurich Office / Forbes.com]
Not everyone agreed with the Credit Suisse Board of Directors' decision to award CEO Tidjane Thiam $12 million in compensation for 2016. As noted in the bank's Annual Report for 2016, the CS Compensation Committee opted to look past back-to-back annual losses and instead focused on Mr. Thiam’s progress and successful efforts - which were undeniably commendable. [See Financialish, 3/24]
One critic of the decision was Dominic Elliott, a columnist at Reuters Breakingviews. He suggests a range for Thiam of no bonus to just one-half of his actual $8 million bonus, based on the facts that he failed on such metrics as adjusted profitability, shareholder returns, and delivering on the bank’s strategy and leadership.
Apparently the hunting season is still in session for European bank CEO's.
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