Credit Suisse CEO Exonerated Second Time as Bouee Takes Fall
- Bank says no indication others were aware of Bouee’s decisions
- Second spy incident surrounds surveillance of former HR head
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Credit Suisse Group AG blamed an ousted executive for a second spying scandal that’s shaken the bank, again painting former Chief Operating Officer Pierre-Olivier Bouee as a rogue operative who kept all executives and directors in the dark about his activities.
Bouee, who was allowed to resign in October, has now been declared having been fired for cause, according to a Credit Suisse statement on Monday. He stands to lose about 4 million Swiss francs ($4.1 million) in stock as a result.