UBS cuts payouts as shareholder meeting looms

UBS has unveiled a new bonus scheme for its employees as its cuts all bonuses to its executive board eleven days before a shareholders meeting that is expected to discuss questions about the bank’s payments to its chief executives.

The Swiss bank said it would introduce a new compensation model that will be predominately based on long-term performance using a so-called bonus/malus system.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump