Bonus Time Comes Late at UBS

Terzo, Gerry
March 2006
Investment Dealers' Digest;3/13/2006, Vol. 72 Issue 10, p4
Trade Publication
The article explains that the reason for the resignation of some 11 executives from the Swiss universal bank UBS was the delay in the payment of bonuses. Executives did not get their bonuses until February 17, 2006 and employee share grants were not given until March 1, 2006. The most senior bankers who resigned were Alex Easton, James Renwick and James Garvin. Warren Woo departed for personal reasons.


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