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Feb

07

Credit Suisse C.E.O. Asks for a Cut in His Bonus

By Tony Seruga

Tidjane ThiamCreditFabrice Coffrini/Agence France-Presse — Getty Images

LONDON — Tidjane Thiam, the chief executive ofCredit Suisse, has asked the company’s board to reduce his bonus, days after the Swiss bank reported a multibillion-dollar loss in the fourth quarter.

“I have asked the board of directors for a significant reduction in my bonus,” Mr. Thiam said in a statement issued by the bank on Sunday.

Mr. Thiam, who joined the bank in July, did not indicate the size of the reduction in his bonus, but said his was the largest reduction within the management team…

Credit Suisse C.E.O. Asks for a Cut in His Bonus

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