• 04 Mar 2011 at 8:25 AM

Bonus Watch ’11: UBS Chief Executive Doesn’t Think He’s Earned It This Year

By Bess Levin

In assessing his performance this year, Oswald Gruebel said he added no value.

UBS AG Chief Executive Oswald Gruebel won’t accept a bonus for 2010, despite the bank’s having returned to profit last year and halted massive outflows of wealthy client funds.

“I’m forgoing a bonus because I was not in a position to add value for our shareholders—our share price ended 2010 at nearly the same level as it began the year,” Mr. Gruebel said in a telephone interview. UBS’ shares ended 2010 4.4% lower.

UBS CEO Will Forgo 2010 Bonus [WSJ]

Comments (34)

  1. 1
    Posted by OswaldG | March 4, 2011 at 1:59 PM

    “I vil take no bonus until Diilbreykar stops saying ‘UBS sucks’!”

  2. 2
    Posted by Guest | March 4, 2011 at 2:11 PM

    Well, at least he’s setting an example for everyone to follow.

  3. 3
    Posted by Lord Humongous | March 4, 2011 at 2:13 PM

    UBS sucks

  4. 4
    Posted by HFP | March 4, 2011 at 2:16 PM

    UBS never leads or sets examples

  5. 5
    Posted by Covey 01 | March 4, 2011 at 2:26 PM

    The gnomes in Zürich told Oswald that he did suck. Its a question of the “old in and out.”

  6. 6
    Posted by Diesel7 | March 4, 2011 at 2:42 PM

    enough with the UBS sucks, minettas, pin jang, etc-I dont make money i print it is the NKI

  7. 7
    Posted by Alex Presidio | March 4, 2011 at 2:43 PM

    This might be the single most accurate idea the firm has ever produced.

  8. 8
    Posted by ExtraOrdinaryPopularDelusions | March 4, 2011 at 2:49 PM

    Guy’s got Goebbels DNA

  9. 9
    Posted by GGGuest | March 4, 2011 at 2:59 PM

    They the example for sucking, give credit where credit is due.

  10. 10
    Posted by TankHankerous | March 4, 2011 at 3:03 PM

    Rollin’ on UBS…

  11. 11
    Posted by Mexi-Cant | March 4, 2011 at 3:15 PM

    Wohoo I got the same bonus as my CEO.

    -UBS TMT Analyst

  12. 12
    Posted by UBS_Sucks | March 4, 2011 at 3:29 PM

    How could one add value when one works at UBS?

  13. 13
    Posted by UBS_Sucks | March 4, 2011 at 3:29 PM

    How could one add value when one works at UBS?

  14. 14
    Posted by UBS_Sucks | March 4, 2011 at 3:29 PM

    How could one add value when one works at UBS?

  15. 15
    Posted by Guest | March 4, 2011 at 3:52 PM

    Why does UBS suck?

    - B-school student considering UBS offer

  16. 16
    Posted by Guest | March 4, 2011 at 4:32 PM

    Remember the legitimate years.

  17. 17
    Posted by Bleusteinsucks | March 4, 2011 at 4:50 PM

    Hey Bleustein and Steinert…Did the thought of passing up your bonuses so that the associates could get more than $5K ever pass through your pea-sized brains? Probably not….

    Both of you suck…

  18. 18
    Posted by Guest | March 4, 2011 at 5:42 PM

    You have received an offer from UBS.

    And you are considering it.

    -Sad Frog

  19. 19
    Posted by Guest | March 4, 2011 at 6:31 PM

    I miss the days when there’d be 50+ “UBS SUCKS!!!!!” posts by now.

  20. 20
    Posted by UBS Sucks Guy | March 4, 2011 at 6:34 PM

    You are doing god’s work.

  21. 21
    Posted by HFP | March 4, 2011 at 6:34 PM

    Is UBS even bulge bracket anymore?

  22. 22
    Posted by HFP | March 4, 2011 at 6:34 PM

    Is UBS even bulge bracket anymore?

  23. 23
    Posted by HFP | March 4, 2011 at 6:34 PM

    Is UBS even bulge bracket anymore?

  24. 24
    Posted by Guest | March 4, 2011 at 6:37 PM

    $80k + up to $120 bonus. Yes, considering it.

  25. 25
    Posted by UBS Sucks Guy | March 4, 2011 at 6:37 PM

    Gone are the days when they (UBS) did something that sucked at least twice a day. I miss those days.

  26. 26
    Posted by UBS Sucks Guy | March 4, 2011 at 6:37 PM

    Gone are the days when they (UBS) did something that sucked at least twice a day. I miss those days.

  27. 27
    Posted by UBS Sucks Guy | March 4, 2011 at 6:37 PM

    Gone are the days when they (UBS) did something that sucked at least twice a day. I miss those days.

  28. 28
    Posted by UBS Sucks Guy | March 4, 2011 at 6:42 PM

    If you take it I wish you all the best. No, seriously… I do !

  29. 29
    Posted by UBS Sucks | March 4, 2011 at 9:17 PM

    You should go for it…$80,000 plus $120 bonus leaves you a lot of upside potential….$80,120….whole lotta money there!

  30. 30
    Posted by Guest | March 4, 2011 at 10:04 PM

    No

    -UBS Investor Relations

  31. 31
    Posted by Oswald | March 4, 2011 at 10:40 PM

    No… Sorry?

    -Oswald

  32. 32
    Posted by Ubsisfullofspares | March 5, 2011 at 2:50 AM

    UBS SUCKS….. I am so excited to be quitting now that I got my cash. UBS ABSOLUTELY SUCKS AND ONLY SPARES STAY THERE FOR MORE THAN ONE BONUS CYCLE

  33. 33
    Posted by guest | March 5, 2011 at 4:02 AM

    congrats big guy! now get that $10k over to UBS GAM pronto.

  34. 34
    Posted by Hate UBS | March 6, 2011 at 2:18 AM

    UBS sucks

    – Former UBS Healthcare analyst

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