Credit Suisse paid its CEO, Brady Dougan, $17.9 million this year, says the WSJ.
In a letter to shareholders, Dougan and Chairman Hans-Ulrich Doerig said that “a skilled workforce is key to maintaining high levels of client satisfaction … which is why we will continue to attract … talented people while remaining sensitive to the public debate about compensation.”
Credit Suisse introduced a policy last year that ties pay to long term performance, called a remuneration policy. Most of Dougan’s pay is tied up in it, $16.68 million that will be paid out over the next three to four years.
In 2007, Brady Dougan earned 22 million francs.