Credit Suisse Employees to get a bonus Amidst Bank’s Troubles
Yes, you got that right. Not a thrashing, not fines – yet bonuses.
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The management of the trouble-plagued Credit Suisse has written a letter to its employees, urging them not to worry: all bonuses will be paid by March 24th. There are no plans for salary cuts or layoffs.
On the one hand, it is unquestionably good that senior management is accepting full responsibility in such a difficult and ambiguous issue, rather than shifting it to the workforce. However, it wouldn't come as a shock if these individuals themselves end up receiving the full extent of bonuses for their own.
Welcome to fiat banking, son.
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