CSFB: Why Brian Finn Is Back
Since John J. "Mack the Knife" Mack left Morgan Stanley to become CEO of Credit Suisse First Boston (CTN.X ) last July, he has been racing to cut costs and assemble a new management team to help him remake the firm into a real force on Wall Street. Despite reducing CSFB's head count by 2,500 and tearing up many bankers' lucrative, multiyear contracts last year, Mack believes CSFB still has a way to go to bring its cost structure in line with its rivals'. On Mar. 12, he said more staff cuts will be needed this year.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.