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


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