Credit Suisse's CEO Thiam is waiving part of his bonus in response to the bank's since 2008 loss first year ,. Tidjane Thiam says he wants to cut costs quicker, promising the lender's bonus pool for 2015 would be 11% smaller than a year previously. “I have asked the board of directors for a significant reduction in my bonus,” said Tidjane Thiam, who took over as chief executive in July and has sought to commence a revamp of Credit Suisse amid challenging conditions. He has also announced that the bank will focus more on wealth management in emerging economies.
Credit Suisse's CEO Thiam is waiving part of his bonus in response to the bank's since 2008 loss first year ,. Tidjane Thiam says he wants to cut costs quicker, promising the lender's bonus pool for 2015 would be 11% smaller than a year previously. He has also announced that the bank will focus more on wealth management in emerging economies.