The former chairman of Credit Suisse had the company pay for empty private flights on multiple occasions,reports. An internal review of company travel found that, after António Horta-Osório moved to Zurich last spring, he flew from there to London and Lisbon on several weekends, usually disembarking on a Thursday.
The planes, paid for by Credit Suisse, would then return to Switzerland empty, fly back to Horta-Osório on Monday, and return him to Zurich, rather than waiting out the weekend. According to the, a person close to Horta-Osório said the planes were rented and not chartered for the weekends. Horta-Osório’s use of company cash for empty planes reportedly hastened his ouster from the chairmanship.
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