Dougan Calls Bankers Out-Earning Investors Unsustainable
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Credit Suisse Group AG Chief Executive Officer Brady W. Dougan said pay for bankers is still outpacing shareholder returns, a dynamic that will change once the bank completes an overhaul of its business model.
“In the past few years, certainly, the shareholders have taken a bigger reduction in their returns than labor has within the business model,” Dougan, 53, said in an interview with Bloomberg Television’s Erik Schatzker to be broadcast today. “That’s not sustainable. That’s not right.”