1. Credit Suisse Slashes Top Executives' Bonuses 64% for Torrid 2021

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    Credit Suisse Slashes Top Executives' Bonuses 64% for Torrid 2021

    (Reuters) - Credit Suisse executives took home less pay in 2021, its annual report showed on Thursday, as top managers saw bonuses slashed by nearly two-thirds over a series of scandals and a 1.65 billion Swiss franc ($1.78 billion) annual loss...

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    1. The year 2021 was very disappointing and challenging for Credit Suisse.
    2. The compensation committee considered that it was important to emphasise leadership accountability. As a result, executive board members had one full year of variable compensation cancelled.

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