UBS Cuts CEO Ermotti’s Pay to $17 Million Amid Swiss Regulatory Scrutiny
2 months ago
In a significant move reflecting the mounting scrutiny from Swiss regulators, UBS has announced a reduction in the compensation package of its Chief Executive Officer, Sergio Ermotti, slashing it to $17 million for the year. This decision comes in response to critical feedback regarding the bank's governance practices and operational transparency, especially following its recent acquisition of Credit Suisse.
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