UBS Caps Cash Comp At $750K

Posted by John Carney, Nov 12, 2007, 11:00am

For months now we've been talking about the likely downward trend in bonuses on Wall Street this year. And now UBS has declared it a reality. They've announced a cash pay cap of $750,000 for investment bankers and traders, with additional compensation to be paid in stock.

Send your bonus rumors and, if you want, actual information to tips@dealbreaker.com. If your bonus is high enough, we may even let you buy drinks for Bess Levin.

A Salary Cap For Bankers: $750,000 Max [Wall Street Journal]

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Comments

Posted by AJ, Nov 12, 2007 11:49AM

If I worked at UBS and they told me this, I'd slit my wrists.

Posted by Fake Rosie O'Donnell, Nov 12, 2007 12:01PM

$750,000 doesn't buy dick!

Posted by Banker, Nov 12, 2007 12:23PM

fuck fuck fuck

Posted by Eric M, Nov 12, 2007 12:24PM

Any idea what PE analyst bonuses are looking like this year? Predictions for next year?

Posted by yang, Nov 12, 2007 1:15PM

why can't they just sell the bonus stock?

Posted by AJ, Nov 12, 2007 1:17PM

1 or 3 yr vesting, ie your trapped unless you can live with walking away

Posted by Nominate me, Nov 12, 2007 1:52PM

Just did a few trades with a guy at UBS.

Is it appropriate to call direct and laugh at him or is it better to IM?

Where are at now Miss Manners?

Posted by , Nov 12, 2007 2:18PM

Just came over from Above the Law. I'll trade you my $50,000 bonus for this "can't buy dick" $750,000 bonus, if anyone is interested.

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