Lunchtime Links: Aged 47, Brady Dougan was worth $77m
Being the chief executive of a bank is lucrative. Last year, Brady Dougan, chief executive officer of Credit Suisse, earned CHF3.4m ($3m) in salary and bonus. Now the rest of his finances have been laid bare following a a dispute over a divorce agreement. They show that in 2005 Dougan was worth $77.4m, and earning $385k a week. He was also the owner of a violin worth $2.4m.
"The years 2006 and 2007 were "the peak of prosperity" and the world economy is not likely to return soon to that level". (CNBC)
"People who are attractive do think more highly of their worth and capabilities," and this self-confidence "results in higher earnings and less financial stress." (Miller McCune)
Higher percentage of women are getting jobs in the City. (Financial Times)
BofA told to replace board with people who actually know about banking. (Clusterstock)
Inside Citi's Stress Test: More like an F than a B+. (Time)
Evercore and Deutsche hire two more Merrill bankers in the US. (Financial News)
Lazard MD Peter Kiernan to be next head of the Takeover Panel. (Telegraph)
Commerzbank says it doesn't need more aid, won't be influenced by the government. (Bloomberg)
Chinese students becoming civil servants instead of bankers. (Bloomberg)
Swedish CEO 'lays himself off' rather than fire more workers. (The Local)