Many retailers have a simple policy regarding merchandise: you break it, you buy it. Credit Suisse is adopting a similar idea by paying its top bankers with the equivalent of broken inventory — those dodgy, illiquid assets that the Swiss bank accumulated on its balance sheet during the credit boom. That is a bonus for shareholders.
Makes sense to me: pay the guys responsible for creating the crappy debt products in their own currency.
A Clever Move by Credit Suisse
Rob Cox and Edward Hadas
December 18, 2008