Give Dougan credit where it's due

摘要

Brady dougan deserves so much more credit than he's got so far as Credit Suisse's outgoing chief. After steering the bank through the financial crisis without resorting to State aid; after dealing with the traumatic impacts of fall-out from the crisis; working on the governance factors that are so crucial to the industry; and working tirelessly to steer the group in the right direction and do the right thing by internal and external stakeholders, I say Dougan should be commended. In talking to chairman Urs Roehner to start the transition process, once he'd figured out he was probably going to run out of road sooner rather than later, he acted with the sort of decorum typical of the man. Yet with the comment that's emerged since the appointment of Tidjane Thiam - which I guess in fairness only summarises the chatter that's been growing louder over 18 months - you'd have thought Dougan had committed an unspeakable sin.