The bank paid Dougan $6.15m for 2011.
The highest-paid member on Credit Suisse’s executive board was Robert Shafir, who currently co-heads the private banking and wealth management division. He earned $11.2m for 2012 compared with total pay of $8.99m for 2011.
Dougan said in an interview this month that pay for bankers is still outpacing shareholder returns, a dynamic that will change once the bank completes an overhaul of its business model.
'In the past few years, certainly, the shareholders have taken a bigger reduction in their returns than labor has within the business model', Dougan, 53, said in the interview with Bloomberg Television’s Erik Schatzker. 'That’s not sustainable. That’s not right'.
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