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Credit Suisse CEO’s Pay Drops 43% After Archegos, Greensill

  • Gottstein sees pay drop to 3.8 million Swiss francs after hits
  • Ex-Chairman Antonio Horta-Osorio received 3.5 million francs
Thomas Gottstein 

Thomas Gottstein 

Photographer: Chris J. Ratcliffe/Bloomberg
Updated on

Credit Suisse Group Chief Executive Officer Thomas Gottstein saw his pay decline 43% last year after the bank reported a loss from the twin hits of Archegos Capital Management and Greensill Capital.

Gottstein received 3.8 million Swiss francs ($4.1 million) in 2021, down significantly because of the impact of Archegos on the bank’s short-term incentive plan and Credit Suisse decision to cancel the long-term incentive plan, according to the Zurich-based lender’s annual report on Thursday.