The event is the culmination of weeks of controversy over an overall 3. European stocks opened in positive territory on Wednesday as investors wait to see if any kind of oil output deal can be salvaged from a meeting of major oil producers in Algeria. Follow us. EFG Strengthens in Singapore. Tell us what you think. This strength will help us continue to build out our client business. You may opt-out at any time. In Switzerland, where financial privacy reigns, few companies disclose the pay of their top managers. Mirabaud Appoints Wealth Manager as Partner.
More than 11 percent of UBS shareholders voted against the bank's bonus on excessive pay are heard,” said retail shareholder Hans-Jacob Heitz, in a nod to. Record of resolutions of the Annual General Meeting of UBS AG.
The General Meeting rejected the proposal put forward by Hans-Jacob Heitz with the. has given up his right to a severance package, the bank said today, heading off have never understood it if he got a golden parachute,'' said Hans-Jacob Heitz, Mr. Heitz added that Credit Suisse's own employees would not have This year, Marcel Ospel, chairman of UBS, Credit Suiss's bigger rival.
Investors in Switzerland and around the world have been outraged over accounts of corporate greed in severance pay, pension plans and bonuses to executives who companies have run into serious trouble.
About Newsletter. Data also provided by. Anchors Geoff Cutmore, Steve Sedgwick and Karen Tso are joined by leading business executives, policymakers, financial strategists, fund managers and other newsmakers to provide original points of view and instant analysis of the latest business news and key market themes.
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Credit Suisse salaries are unbelieveable: Hans Jacob Heitz Christian Gattiker-Ericsson, chief strategist & head of research at Bank Julius Baer, explains Geoffrey Yu, Ultra-high Net Worth Investment strategist with UBS, discusses where to.
We cannot be bought!,» said Hans-Jacob Heitz, a Zurich-based lawyer who criticized the bank over its links to a controversial American oil.
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Zurich-based Credit Suisse just barely won approval for pay practices including a 3. Anchors Geoff Cutmore, Steve Sedgwick and Karen Tso are joined by leading business executives, policymakers, financial strategists, fund managers and other newsmakers to provide original points of view and instant analysis of the latest business news and key market themes.
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Video: Hans jacob heitz ubs ag Vontobel CEO Says UBS Isn't a Competitor in U.S.
Labour party's John McDonnell proposes tax hikes and higher minimum wage. The proposal passed with million votes in favor and 87 million against. European stocks opened in positive territory on Wednesday as investors wait to see if any kind of oil output deal can be salvaged from a meeting of major oil producers in Algeria.
Reaction: Tough markets hit Deutsche investment bank.
CS Gets Warning Shot on Pay
UBS management won backing at an extraordinary shareholder meeting Wednesday for plans to raise capital for the troubled bank, but only after running a gantlet of fierce criticism from shareholders over the massive write-downs on subprime investments that led to the first annual loss in the bank's history.
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|But financial disclosure practices will be slightly different next year. Margareta Drzeniek, head of global competitiveness and risks at the World Economic Forum, discusses competition and her concerns about protectionism.
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