Credit Suisse Managers Won’t Vote on Compensation, Sonntag Says

Credit Suisse Group AG (CSGN) management will abstain from taking a position on the bank’s compensation report at the annual general meeting on April 27, Der Sonntag reported, without saying where it got the information.

Chief Executive Officer Brady Dougan’s compensation was cut 55 percent in 2011 to 5.82 million francs ($6.3 million). The highest-paid member on Credit Suisse’s executive board was asset-management head Robert Shafir with 8.5 million francs.

To contact the reporter on this story: Corinne Gretler in Zurich at cgretler1@bloomberg.net

To contact the editor responsible for this story: Andrew Rummer at arummer@bloomberg.net

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