Surveillance and Suicide in Switzerland: Credit Suisse COO Resigns Over Corporate Spying Scandal [Fortune]
Credit Suisse Group American Depositary Shares (CS)
US:NYSE Investor Relations:
credit-suisse.com/corporate/en/investor-relations.html
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Source: Fortune
Pinterest Credit Suisse Group AG exonerated Chief Executive Officer Tidjane Thiam as one of his key allies took the fall for a corporate spying scandal that’s shaken Zurich’s financial elite. Chief Operating Officer Pierre-Olivier Bouee, who worked as the CEO’s chief lieutenant at three companies for more than 10 years, stepped down after ordering detectives to shadow former wealth-management head Iqbal Khan to ensure he didn’t poach clients and brokers for his new post at UBS Group AG. The bank said that he acted alone, and there was no evidence that Thiam or the board new about his actions. Chairman Urs Rohner is seeking to contain a scandal “The COO said that he alone, in order to protect the interests of the bank, decided to initiate the observation of Iqbal Khan,” the bank said. The investigation “didn’t identify any indication that the CEO had approved the observation.” The bank said its investigation also didn’t find any evidence that Khan had attempted to poach employees. Rohn
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