Credit Suisse Group AG (CSGN), the second-biggest Swiss bank, cut total compensation for Chief Executive Officer Brady Dougan by 55 percent for 2011 after profit slumped 62 percent.
Dougan’s pay of 5.82 million Swiss francs ($6.37 million) included fixed salary of 2.5 million francs and 3 million francs in share awards, the Zurich-based bank said today in its annual report. The bank paid Dougan 12.8 million francs for 2010. (Source: Bloomberg)
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