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The offer, which comes in the form of a development partnership that, as of now, required no cash contribution from CSFB, was extended by SL Green as incentive for CSFB to vacate from its offices in the clock tower and potentially accommodate also the significant construction that would be needed to build the air rights. Since then, Dougan, the youngest chief executive of a Wall Street investment bank, has worked to steel CSFB for what is regarded as a make-or-merge plan: doubling the 2003 profit of $870 million by 2006. Credit Suisse First Boston has shut down its commercial real estate services group, CSFB Realty Services Inc. |
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