Herro Says He's Committed to Credit Suisse But Rohner Should Quit

David Herro of Harris Associates discusses his commitment to Credit Suisse despite recent leadership changes, including the resignation of the CEO. He expresses concerns about the new CEO's ability to work effectively with the current chairman and board, which he believes do not prioritize shareholder value. Herro advocates for changes in the board and the removal of the chairman to ensure the company's stability and growth. He emphasizes the need for shareholder action and outlines potential future steps to protect investments and ensure responsible board governance.

What was David Herro's stance on Credit Suisse after the CEO's resignation?

• He planned to invest more in the company.

• He remained committed to the company.

• He decided to sell all his shares.

• He was unsure about his next steps.

What concern does David Herro have about the new CEO?

• The CEO might not focus on Asia.

• The CEO might face challenges from the current board.

• The CEO might change the company's name.

• The CEO might not be talented enough.

What action does David Herro plan to take against the current chairman?

• Support the chairman's decisions.

• Vote in favor of the chairman.

• Vote against the chairman.

• Ignore the chairman's actions.

What is David Herro's view on the new CEO's strategy?

• He is unsure about the CEO's strategy.

• He wants the CEO to focus on a new market.

• He thinks the CEO will stick to the current strategy.

• He believes the CEO will change the strategy.

Why does David Herro believe the chairman should step down?

• To change the company's headquarters.

• To reduce the company's workforce.

• To increase the company's stock price.

• To allow the new CEO a fresh start.

What does David Herro think about the board's current role?

• The board is focused on reducing costs.

• The board is planning to expand the company.

• The board is not fulfilling its duties to stakeholders.

• The board is effectively supporting shareholders.

What is David Herro's ultimate goal regarding the board?

• To reduce the board's influence.

• To increase the board's size.

• To ensure the board represents stakeholders' interests.

• To replace the entire board immediately.