'Let’s not take the easy way out. Let’s sweat it a bit'.
'There have been all these whispers about a capital raise; let’s try to do without a capital raise', David Herro, chief investment officer for international equities at Harris Associates in Chicago, said in an interview. 'Let’s just try to squeeze the business a little harder. Let’s not take the easy way out. Let’s sweat it a bit'.
Herro was 'very supportive' of former CEO Brady Dougan even when Credit Suisse hit a 20-year low in June 2012 after the Swiss central bank urged the company to raise capital. Credit Suisse tapped shareholders for funds in July that year.
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