Credit Suisse May Pay Less in Asset-Linked Bonuses Than in 2011
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Credit Suisse Group AG, Switzerland’s second-largest bank, may award less in asset-linked bonds to employees for 2012 than it paid out under a similar compensation plan the previous year as part of bonuses.
“In the last four years we have on several occasions remunerated our employees partly in the form of risk positions within some of the investment bank’s portfolio,” Chief Financial Officer David Mathers, 47, told reporters on a conference call from Zurich today. “This year’s was smaller. It’s called the Plus Bond.”