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Revolt over Credit Suisse payouts rumbles on even after concessions
If Credit Suisse shareholders reject the pay plan, it would be the first use of Swiss veto power at a leading company.
PHOTO: REUTERS
Zurich
CREDIT Suisse has failed to completely quash a shareholder revolt over payouts to the bank's senior managers, even after offering to cut bonuses for top management by 40 per cent and a pay freeze for its board of directors.
The Swiss bank made the concessions last week to...
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