C Suisse's Dougan sees his pay fall

$1 bill Cut by Scissors

Credit Suisse CEO Brady Dougan’s compensation fell in 2014 as the bank paid a record fine for helping Americans evade taxes.

Bloomberg News reports that Dougan, 55, who will be replaced at the end of June by Prudential CEO Tidjane Thiam, received compensation of $9.8m, including a salary of $2.53m, Credit Suisse said in its annual report Friday. He earned $9.9m the previous year.

The $2.6bn U.S. fine prompted Credit Suisse to reduce bonuses for its top executives and board. Management will forgo 10% of last year’s bonus and the same amount in unvested shares granted for 2013, the bank said last month.

To access the complete Bloomberg News article hit the link below:

Dougan Compensation Falls After Credit Suisse Fined in U.S.

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