Deals
Credit Suisse’s Klein Loses the Deal of His Life as Plans for First Boston Collapse
- The rainmaker was at the center of the bank’s turnaround plans
- His payoff could’ve surpassed $200 million in an eventual IPO
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Not long ago, Michael Klein had a happy message for unhappy bankers at Credit Suisse Group AG: We’re going to get rich.
Things aren’t quite turning out that way.