Tidjane Thiam out as Credit Suisse CEO
Tidjane Thiam. Photo: FABRICE COFFRINI/AFP via Getty Images
Why it matters: Thiam was the first black person to head an FT10o company in the U.K., the first black person to head a European bank, and the first African to head a global bank.
Background: Thiam by all accounts was not involved in or cognizant of the spying, and he had the support of major shareholders. But he has been involved in a power struggle with board chair Urs Rohner — one that Rohner now seems to have won.