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 Tough times: Credit Suisse halves total pay for chief executive

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RR Phantom

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Tough times: Credit Suisse halves total pay for chief executive Vide
PostSubject: Tough times: Credit Suisse halves total pay for chief executive   Tough times: Credit Suisse halves total pay for chief executive Icon_minitimeSat Mar 24, 2012 3:52 am
Credit Suisse slashed the total compensation for its chief executive, Brady Dougan, by 55% in 2011.

Tough times: Credit Suisse halves total pay for chief executive 59259685dougan



That follows his bank's poor performance last year, when net income slumped 62% and profit at its investment banking unit was wiped-out.

Mr Dougan still made $6.37m (£4m), roughly split between a basic salary and share awards.

The head of the bank's asset management business, Robert Shafir, was the best paid executive, earning $9.3m (£5.9m).

http://www.bbc.co.uk/news/business-17488862
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