Bonus Watch '09: You Get NOTHING (Not Even Toxic Waste)

Publish date:
Updated on

CNBC reports that managing directors in UBS's investment management division will receive neither cash nor stock in '09. As for 2010? Bonuses shall be 100 percent stock, with a three year vesting period attached to 1/3 of the package. AND if UBS has a loss over those three years, clawbacks will ensue.
Related: Bonus Watch '09: BAC Get Bupkis

The Kind Of Perverse Genius Only The Swiss Could Develop