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here are two posts discussing CS……it’s a pile of crap.
‘I worked there, their managers are chosen by a very corrupt and nepotic system, the idiots float to the top so their current state is no surprise to me. They are also super woke and we know where that inevitably leads.
Current wokeness and crazy policies, zero carbon, mandated diverity quotas, etc. will bring the world economy to its knees if folks don’t wake the f**k up, and pretty quickly.’
and
‘I did a lot of work with CS a few decades ago. It was a chaotic place even back then. CS did extremely well ‘privatising’ state companies after the fall of the Soviet Union. Enough said on that, but the individuals involved closing the deals did even better. Literally they had bankers returning from business trips to find a Ferrari parked on their driveway with the ignition keys posted through the letter box. The subsequent take-over of DLJ was also mired in controversy. Rumour is the DLJ board would only approve the final deal if CS greased them personally with an additional $1 billion to be shared between about a dozen DLJ board members. Nice. Within 12-months all the DLJ staff had left and the whole thing was worth zippo.’
I’ll add that DLJ was also a pile of crap, full of crooks…they owned a bullion operation I forget the name,…when it all went tits up….they had a whole load of Portugals Gold on a lease deal from the CB….which they sold, and paid their bonus’ from…Portugal never got the gold back….