Top bosses’ salaries rise – but not at Credit Suisse
Crédit Suisse CEO Thomas Gottstein saw his earnings halved to under CHF4 million last year after losses and a series of scandals.
Keystone / Ennio Leanza
The CEOs of leading companies listed on the Swiss stock exchange saw their earnings rise by an average 5% to CHF6.8 million ($7.3 million) last year, says Swiss financial news agency AWP.
This content was published on
1 minute
Keystone-SDA/jc
Português
pt
Os salários dos principais patrões sobem – mas não no Credit Suisse
Severin Schwan, CEO of Swiss pharmaceutical company Roche, retained the top spot, earning CHF15 million, which was 3% more than in the previous year. But Thomas Gottstein, CEO of troubled bank Credit Suisse, saw his salary halved to CHF3.75 million.
The AWP analysis covers 24 of the 30 listed companies that have so far published their 2021 remuneration report. Two-thirds of the CEOs received a raise. If two big exceptions – the CEOs of Credit Suisse and chemicals firm Sika – are excluded, the average rise in salaries and variables like shares and profit-sharing would have been 10%.
Ralph Hamers, CEO of bank UBS, comes second in the ranking, earning CHF11.5 million. His predecessor Sergio Ermotti, however, received much more. In the last ten months of his mandate, he received CHF13.3 million.
And Vasant Narasimhan, CEO of pharma group Novartis, comes third with remuneration of CHF11.2 million, which is nevertheless 12% lower than in 2020. The CEO of food giant Nestlé, Mark Schneider, follows closely behind with CHF10.6 million.
Macron will attend Swiss summit on Ukraine, says Zelensky
This content was published on
French President Emmanuel Macron will attend the peace conference on Ukraine at the Swiss Bürgenstock resort next month, according to Volodymyr Zelensky.
Top politician tells ‘corrupt’ Eurovision to stay away from Bern
This content was published on
A social media post by the president of Bern’s cantonal government critical of the Eurovision Song Contest has created waves and will be discussed in the cantonal parliament.
Swiss centre records over 200 victims of human trafficking
This content was published on
Last year 317 people took part in a protection programme run by the Specialist Unit for Trafficking in Women and Women’s Migration (FIZ) in German-speaking Switzerland.
This content was published on
The Geneva-based International Committee of the Red Cross (ICRC) and partners are opening a field hospital in southern Gaza on Tuesday.
Lack of smartphone sustainability in Switzerland hits environment
This content was published on
Almost half of all Swiss citizens hang on to their old smartphones, tablets and laptops, according to the Federal Statistical Office.
Police clear out pro-Palestinian students protesting in Geneva
This content was published on
The police intervened early on Tuesday to dislodge pro-Palestinian students who had been occupying the University of Geneva for almost a week.
New gel developed in Zurich renders alcohol harmless
This content was published on
A newly developed gel composed of whey proteins breaks down alcohol in the body and could reduce its harmful and intoxicating effects in humans.
Pro-Palestine protests extend to Basel and Fribourg universities
This content was published on
Demonstrators called for an academic boycott of all Israeli institutions and disassociation with Chaim Weizmann, the first Israeli president.
This content was published on
Credit Suisse has posted a fourth-quarter net loss of CHF2 billion ($2.17 billion) and a full-year net loss of CHF1.57 billion.
Prosecutor calls for maximum fine for Credit Suisse
This content was published on
Switzerland's second-biggest bank is accused of aggravated money laundering and subsidiary support of a criminal organisation.
This content was published on
The Basel-based rivals this week posted solid first half profits, as well as up-beat assessments of the next 12 to 18 months. The bullish outlook contrasts with the uncertainty that continues to plague the Swiss economy in general. As prominent pillars of Switzerland’s corporate world, the two firms are among the country’s most closely watched,…
You can find an overview of ongoing debates with our journalists here . Please join us!
If you want to start a conversation about a topic raised in this article or want to report factual errors, email us at english@swissinfo.ch.