Bonus Watch '13: UBS

From the front lines:

"Here are the autopsy results from last week (this is for fixed income sales & trading, who were told if they made it through layoffs were good to go and would be paid): Way more than just 'the bottom 50%' got zeroes. Questions were asked about criteria for ranking in the top vs. bottom 50, none of which were answered. It seemed clear that there was no formula and that the people who were told they would get 'market' got nothing close to it. Everybody left the office for the rest of the day. At one point there was only one guy on any of the desks - and he was drunk. It's still a ghost town almost a week later."