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> Top executives already pocketed 32 billion ChF in bonuses since 2013. In the same period, CS lost 3.2 billion ChF. How were shareholders OK with this? After
by msm_ 4y ago
> Top executives already pocketed 32 billion ChF in bonuses since 2013. In the same period, CS lost 3.2 billion ChF.
How were shareholders OK with this? After all, top executives are still "just" employees of the real company owners - stock owners.
- burkaman 4y agoThe top executives are likely good friends with board members and large shareholders.
- AdrianB1 4y agoShareholders in public companies have the same power as individual citizens in voting for a government: in theory they have all the power, practically they cannot do much. The fragmentation of the power of the decision makers is what keeps corrupt governments and company execs in power.
- aaomidi 4y agoShareholders only care about fiduciary responsibility when it comes to laying people off it seems.
- lazide 4y agoIf you can’t get rich by making the business do better, plan B is making sure your bosses love you, no? And who is going to make sure they do amazingly well in the interviews for a role like this but people who would have no problems making their bosses really love them?
- mhh__ 4y agoLosing the staff is worse
- JumpCrisscross 4y ago> How were shareholders OK with this? Credit Suisse paid a decent dividend [1]. Also, calling a spade a spade, the Saudis are this cycle's German landesbank: dumb money. [1] https://ycharts.com/companies/CS/dividend_yield https://ycharts.com/companies/CS/dividend_yield
- codehalo 4y agoAs long as it's not crypto related, it's fine. Banks are allowed to rug pull.
- izacus 4y agoWhere did you ever see a company in which shareholders weren't ok with these kind of bonuses?