The point’s a good one about the stock price. They won’t retain squat if the stock doesn’t go up.
Posted by Kelso on 12/31/1969 at 03:00 PM
The More the Merrier for CS Stock Retention Plan
Monday, March 13, 2006 - 7:04 am
MarketWatch, via The Deal Book, reports that Credit Suisse is aggressively pursuing its executive retention effort by broadening the number of managing directors eligible for the “deferred stock units” from an elite 100 to a positively proletarian 900. To cash in, the bankers have to stick around a minimum of five years, a virtual lifetime on Wall Street. Of course, if CS stock tanks, it won’t matter if 9,000 employees are included.
CS Spreads Stock-Bonus Love [Deal Book]
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