{
Michael Frieser

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001122334455554433221100

sunrise faces high losses and executive bonuses amid corporate culture concerns

Sunrise, burdened by high debts of CHF 4.6 billion and significant losses totaling CHF 662 million since its merger, continues to award exorbitant bonuses to its management, including CHF 15 million to CEO André Krause linked to the recent IPO. This Americanization of corporate culture raises concerns, especially as the company has cut 600 jobs while three of its seven board members are U.S. citizens. Despite stagnant sales and a mountain of leasing contracts, the company’s balance sheet shows a risky goodwill of CHF 6 billion, indicating potential for severe write-downs.
Schweizer Radio und Fernsehen (SRF)
Swiss Franc Sunrise Realty Trust, Inc. Swisscom AG Liberty Global Ltd. UPCX USD USA CHE Michael Frieser André Krause Show more
Business & Industry, News Article
11:05 22.03.2025
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