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- Banca IMI Securities to Pay $35Mn for Improper Handling of ADRs in Continuing SEC Crackdown
- Members of White House ‘Arts Panel’ Resign En Masse in Protest of Trump
- FINRA Whiffs on Disciplinary Sanction: Bill Singer's 'Negligent Market Manipulation in OTC Stock Promotion'
- Heather Heyer’s Mother Says, ‘I’m Not Talking to the President’
- Goldman Sachs May Have Lost $100Mn on Energy Bet Gone Wrong
- SEC Drops Case Against Ex-JPMorgan Traders Over 'London Whale'
- Financial Advisers That Invest in Technology Need to Accomplish These Two Things
- FINRA Amends Codes Regarding Expedited Arbitrator List Selection
- FINRA July 2017 Quarterly Disciplinary Review (Podcast)
- Senior Exec in Citigroup's Equities Unit Has Left
- Prudential Plotting its Escape From Fed's Tough Oversight
- Why CEOs Spurned Trump's Business Councils, in Their Own Words
- A Stockbroker, Her LLC, and Her Customers' Loans (Or Investment?) - Bill Singer
- Brian Quintenz Sworn In as CFTC Commissioner
- A Gary Cohn Resignation Would 'Crash the Markets' – Mgmt Guru Jeffrey Sonnenfeld
- Trading Firm DRW to Buy RGM Advisors - As Low Volatility Forces Out Weak HFT Players (subsc reqd)
- Reputational Damage - Rajat Gupta on Hard Road to Recovery
- 7th Circuit Affirms Spoofing Conviction - Bill Singer
- Wells Fargo Announces Board Changes
- Judge Rules Against Ex-Goldman Employee in Fed Leak Case
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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.
[Click link to continue reading.]