ZURICH (Reuters) - Credit Suisse (CSGN.S) Chairman Urs Rohner believes he has the support of most shareholders, he was quoted as saying on Wednesday ahead of what is expected to be a stormy annual shareholders meeting on Friday.
“Based on various conversations with many shareholders I assume I am supported by the majority,” Rohner was quoted as saying on Bilanz magazine’s website.
“For me it would be a signal if I would hear from really significant shareholders that they are not satisfied with my strategic direction. I have not to date heard this, never.”
Rohner was speaking after Switzerland’s second-biggest lender, which has faced criticism over management bonuses despite consecutive annual losses, dropped plans for listing its Swiss unit and instead announced a $4 billion rights issue.
Reporting by Michael Shields; editing by Alexander Smith