Credit Suisse Board Backs CEO Thiam Ahead of Spy Scandal Decision

The transcript discusses the tensions at Credit Suisse following the departure of Iqbal Khan to UBS, raising concerns about client poaching and state secrets. The board is reviewing the roles of senior executives, with CEO Pierre Olivier Bouee in the spotlight. Personal disputes between Khan and Tian are highlighted, affecting public perception. Legal ramifications are considered, with prosecutors involved and potential lawsuits looming. The board's investigation supports the CEO, but external legal actions could alter the situation.

What was the main concern for Credit Suisse after Iqbal Khan left for UBS?

• Decrease in stock value

• Negative media coverage

• Loss of key employees

• Potential client poaching

What was the nature of the relationship between Iqbal Khan and Tidjane Thiam?

• Professional and cordial

• Friendly and supportive

• Strained and personal

• Distant and indifferent

What was the open secret in Zurich regarding Khan and Thiam?

• They were starting a new company

• They were close friends

• They were planning a merger

• They had a personal conflict

What role did the Credit Suisse board play in the investigation?

• They supported Khan

• They led the investigation

• They ignored the issue

• They dismissed the CEO

What could potentially happen if Iqbal Khan decides to take legal action?

• The board might resign

• Prosecutors might get involved

• The CEO might be replaced

• UBS might intervene