How CSFB’s chief executive aims to stick to plan
INVESTORS REACTED WELL to plans announced last month by Credit Suisse Group CEO Oswald Grübel to restructure the group, and in particular its investment banking arm, Credit Suisse First Boston. Shares rose almost 5% in the course of the day of the announcement, December 7.
Beforehand, those employees with a dark sense of humour and a basic grasp of history had already dubbed the day Pearl Harbor Day, referring to the Japanese attack on the US naval base on the same date in 1941.
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