Herro Says He’s 100% Behind Credit Suisse CEO Thiam

The transcript discusses the tensions between Credit Suisse's Chairman and CEO Tidjane Tiam, highlighting Tiam's successful tenure in improving the bank's operations. Despite controversies, key investors, including David Herro, express strong support for Tiam. The discussion also touches on the planned succession of the Chairman and the stability of the bank, emphasizing the importance of not disrupting the current management.

What significant change did Tidjane Tiam bring to Credit Suisse during his tenure?

• Strengthened the bank's capital position

• Increased volatility in global markets

• Reduced the wealth management business

• Increased the number of departing employees

What is the expected timeline for Chairman Urs Rohner's departure?

• 2020

• 2021

• 2022

• 2023

What is the shareholders' stance on the succession planning for the chairman's position?

• They oppose any changes

• They encourage the board to proceed with the plan

• They see no need for a successor

• They want immediate replacement

What has been the trend in Credit Suisse's performance over the last few quarters?

• Increased losses

• Stable growth and capital build

• Volatile earnings

• Decreased capital position

What are the speculated reasons behind the attacks on the CEO?

• Envy from competitors

• Support from shareholders

• Approval from the board

• Increased profits