Post-Crisis Compensation at Credit Suisse (A), Portuguese Version Harvard Case Solution & Analysis

On October 20, 2009 Brady Dougan, the CEO of Credit Suisse Group, declared a new settlement strategy for the bank. The statement had followed swiftly on the heels of the G20 meeting the past month where, in the aftermath of the monetary disaster, the leading governments had laid out a set of guidelines for damages in the financial industry. Credit Suisse Group was the first firm to adopt the G-20 guidelines, and did a year ahead of the recommended schedule.

After a substantial investment of senior leadership time to clarify the new program to workers a significant new challenge arose. On December 9, the U.K. authorities announced they'd impose an one-time 50% tax on bankers' bonuses greater than 25,000 pounds. Dougan and the executive team had to determine how best to finance this tax. Was it appropriate or reasonable to have the shareholders shoulder the weight of the tax? Similarly, was it reasonable to ask the UK employees to suffer in other nations?

Post-Crisis Compensation at Credit Suisse (A), Portuguese Version Case Study Solution

PUBLICATION DATE: July 07, 2010 PRODUCT #: 313P04-PDF-POR

This is just an excerpt. This case is about FINANCE & ACCOUNTING

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