Friday, May 4, 2007

American Dougan Must Emulate German Orphan Gruebel as Credit Suisse Chief

(Bloomberg) -- When Brady Dougan takes over Credit Suisse Group today, he'll be the first American to run the Zurich-based bank and the only chief executive officer in a decade to succeed someone who wasn't ousted.

Dougan, 47, follows Oswald Gruebel, a 63-year-old German, who doubled Credit Suisse's earnings since 2004. Unlike his three predecessors who had to craft strategies to repair missteps made by the person they replaced, Dougan's challenge will be to avoid making mistakes.


Read more at Bloomberg Exclusive News

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