After big loss, Credit Suisse CEO asks board: Cut my bonus

[Omaha Steve]

Source: AP

GENEVA (AP) — The new CEO of Credit Suisse has proposed that its board make a "significant" cut in his bonus after the Swiss bank posted disappointing earnings last week and announced 4,000 job cuts.

The bank on Monday confirmed comments by Tidjane Thiam in an interview published a day earlier in SonntagsZeitung and other German-language media.

An e-mail from Credit Suisse's press office said he proposed the biggest cut among the bank's management team because "I cannot demand sacrifices from others and not make any myself."

Spokeswoman Anuschka Ross said the bank is "not giving numbers at the moment" about the size of the cut in the bonus.

Read more: http://bigstory.ap.org/article/768b2f2974854faab1bb9a5ab98e83ba/after-big-loss-credit-suisse-ceo-asks-board-cut-my-bonus

[A Simple Game]

1. Does this mean firing him is out of the question? n/t

[Human101948]

2. How about termination?

Any regular employee who failed so spectacularly would be shown the door by security.

[Snotcicles]

3. Bonus, why is there a bonus? nt

[mpcamb]

4. Better idea- Clean out your desk.

[elias49]

5. This is how they roll in the stratosphere.

Alien to me.

[marble falls]

6. Only "cut my bonus"?????????????????? All public relation dodge.

[ProfessorGAC]

7. Why Not, "Forget About Any Bonus For Me."?

He just admitted he had a very bad year. Why any bonus?

[trillion]

8. And the name is familiar from Hillarys campaign donors. I don't have time to look up him on her

current Super Pacs but people from Credit Suisse Group have donated to her in the past - $308,000.

1999 to 2016 donations to Hillary and in no way definitive list:

Citigroup Inc $824,402 $816,402 $8,000
Goldman Sachs $760,740 $750,740 $10,000
DLA Piper $700,530 $673,530 $27,000
JPMorgan Chase & Co $696,456 $693,456 $3,000
Morgan Stanley $636,564 $631,564 $5,000
EMILY's List $609,684 $605,764 $3,920
Time Warner $501,831 $476,831 $25,000
Skadden, Arps et al $469,290 $464,790 $4,500
University of California $417,327 $417,327 $0
Sullivan & Cromwell $369,150 $369,150 $0
Akin, Gump et al $364,478 $360,978 $3,500
Lehman Brothers $362,853 $359,853 $3,000
21st Century Fox $340,936 $340,936 $0
Cablevision Systems $336,613 $307,225 $29,388
Kirkland & Ellis $329,141 $312,141 $17,000
National Amusements Inc $328,312 $325,312 $3,000
Squire Patton Boggs $328,306 $322,868 $5,438
Greenberg Traurig LLP $327,890 $319,790 $8,100
Corning Inc $322,450 $304,450 $18,000
Credit Suisse Group $318,120 $308,120 $10,000

[angrychair]

9. "Yes, cut my bonus"

One million instead of two million this time. I will wager that the 'cut' bonus is still more than the 4,000 fired workers paychecks, combined, for a year.
Tone deaf asshole.