During bonus season last year, Credit Suisse announced that the money employees earned in 2010 would be paid out over 2011, 2012, 2013 and 2014 (all of which was subject to clawback rules). People were not thrilled! This year, in an effort to show they’ve been listening, management has announced some big changes to the compensation plan. 1) Only those making more than 250,000 Swiss francs (which CS points out are few and far between) will be subject to deferred compensation (previously it was any amount above 50,000) and 2) Of the deferred shares being awarded, you’ll only have to wait three years, and not four, for it to vest. Pretty sweet deal if you ask the other Swiss bank in town, where bonuses (a sheet of bubble wrap and 15 free minutes to cry publicly without judgement) paid out over any period of time would be a step up. The suggestion box is working! Continue reading »