Horta-Osorio lost Credit Suisse board support over Covid rules breach, WSJ says

Antonio Horta-Osorio, who resigned as the chairman of Credit Suisse following an investigation by the board, lacked credibility to fix what had come to be seen as a broken culture, some board members felt, and his jet use also raised concerns, The Wall Street Journal's Margot Patrick and Emily Glazer report. A bank probe into Horta-Osorio's travel found he had breached quarantine rules in England and Switzerland since starting at Credit Suisse, including to attend the Wimbledon tennis final in July, and also used private aircraft hired by Credit Suisse to combine personal travel and work trips that made some on the board uncomfortable, according to people familiar with the matter. A spokesman for Horta-Osorio said the jet use was "in line with that of his predecessor in the role and actually similar to other senior colleagues in the bank. It was also never used without a business-related reason and this has been confirmed by an internal audit." Reference Link