Credit Suisse executives take down "opaque" assets for their bonus pool

Maybe they are starting to see some daylight in these dark assets. Of course they aren't taking the "assets" in at par, thus allowing the executives to reap the rewards when markets turn.

Now watch the other Investment Banks play follow the leader!

The plan -- which links the bonus of bankers to the risks of the assets and takes risky assets off the balance sheet -- comes amidst fierce criticism that bonus systems were rewarding bankers for taking on irresponsible risks.

"While the solution we have come up with may not be ideal for everyone, we believe it strikes the appropriate balance among the interests of our employees, shareholders and regulators and helps position us well for 2009," a memo from CEO Brady Dougan and investment bank boss Paul Calello said.

Credit Suisse appears to be the first to use tarnished assets to pay employees, linking their rewards to the performance of risky assets they sell to investors.
http://www.reuters.com/article/rbssFinancialServicesAndRealEstateNews/idUSLI17525820081218