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Comment by msm_ | Hacker News Reader

> Top executives already pocketed 32 billion ChF in bonuses since 2013. In the same period, CS lost 3.2 billion ChF.

How were shareholders OK with this? After all, top executives are still "just" employees of the real company owners - stock owners.

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Shareholders in public companies have the same power as individual citizens in voting for a government: in theory they have all the power, practically they cannot do much. The fragmentation of the power of the decision makers is what keeps corrupt governments and company execs in power.

> How were shareholders OK with this?

Credit Suisse paid a decent dividend [1]. Also, calling a spade a spade, the Saudis are this cycle's German landesbank: dumb money.

[1] https://ycharts.com/companies/CS/dividend_yield

The top executives are likely good friends with board members and large shareholders.

If you can’t get rich by making the business do better, plan B is making sure your bosses love you, no?

And who is going to make sure they do amazingly well in the interviews for a role like this but people who would have no problems making their bosses really love them?

Where did you ever see a company in which shareholders weren't ok with these kind of bonuses?

As long as it's not crypto related, it's fine. Banks are allowed to rug pull.

Shareholders only care about fiduciary responsibility when it comes to laying people off it seems.

Losing the staff is worse

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