Or with that guy in the cafeteria who’d “love to hear more” while you wait on line for your frittatas. Continue reading »
memos
UBS Chairman Would Like A Little Credit For All The Investment Bank’s Legitimate Achievements
By Bess LevinAs you may have heard, UBS has been going through a bit of a rough patch. Despite posting an annual profit (of 7.2 billion Swiss francs) for the first time since 2006, things just haven’t been the same since the crisis, and some have suggested it never will be, claiming that the bank “doesn’t have a chance” getting back to pre-crisis levels because “too much damage has been done.” Not helping things is the fact that there’s been very high turnover in the last couple months, which may have something to do with the fact that people would like to get paid. What you may not have heard is that the investment bank? Is kicking ass, according to Chairman Oswald Gruebel who is kind of confused as to why the media has chosen to ignore the division’s “steady progress” but wants employees to know he, for one, has not. Continue reading »
To: JPMorgan Employees
Date: Wed, 3 Nov 2010 1:35
Subject: A Message From Jamie DimonSteve Black has let me know that he would like to leave the firm early next year. I have known Steve for 30 years, and he is one of the finest and most capable executives I have ever met. Throughout our working relationship, he has always impressed me with his tremendous dedication to the firm, his candor and his strong character. He has done an outstanding job during his remarkable career at the firm.
Earlier this morning it was reported that CNBC’s Dennis Kneale, he of digital dickweed fame, would be parting ways with the network after his current contract expires in the next few weeks (apparently CNBC is unwilling to increase is current salary of around $500,000/year). I don’t know if it’s because a building manager got wind of the rumors and started cleaning out his office while he was still in it or what but Kneale felt the need a short while ago to make one thing clear. Continue reading »
Oh, you thought simply stopping the ass-bleeding of clients was UBS’s only New Year’s Resolution? You thought wrong, ladies. You’re looking at a whole new UBS. One that doesn’t *just* evade taxes, but one that does so with honor. Full memo after the jump, for now, my favorite part:
Each and every one of you creates the new UBS identity through your actions. Every day you make many important decisions. You have the entrepreneurial freedom to do so, and you should use it. The values that guide our efforts are truth, clarity and performance. Specifically, this means:
- We behave with respect and integrity. We are accurate, realistic and accountable. We always act fairly and abide by the law.
- We make it easy to do business with UBS. We are concise, precise and to the point. We are reliable and consistent.
- We always give our best. We will perform to the highest professional standards. We will lead the market through superior service and execution.
- Use the Bloomberg command
NH BLG_DEALBREAKER <GO>
to access Dealbreaker
