Thursday, January 29, 2009

Breaking News: SVPs and MDs at UBS To Get No Bonuses

CNBC just broke the news that Senior VPs and Managing Directors will get no bonuses this year, and next year the bulk of bonuses will be in stock. Lastly, there will be a bonus clawback provision: If UBS has a loss over a three year period, no bonuses at all will be paid.

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