Credit Suisse is finding that creativity can thrive in a crisis, writes LiamWardProud
to pay large quantities of cash. Though it currently gives them Credit Suisse stock, shares in the investment banking unit would be more closely linked to their performance. The lender has form in finding creative ways to reward employees.
After the 2008 crash, it paid bosses’ bonuses inFor Credit Suisse investors, the lesson is that Chairman Axel Lehmann seems to be considering radical changes, in contrast to the bland strategy. The question is how much short-term pain he is willing to take. Some of the bank’s best businesses, like arranging leveraged loans, have minimal overlap with Credit Suisse’s core wealth unit. Handing ownership stakes to employees would arguably be a step towards spinning off the investment bank.
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