Bonus Watch '15: UBS CEOs

Legal charges shmegal charges.

Author:
Bess Levin
Updated:
Jul 3, 2019
Original:
Mar 13, 2015

This year's bonus season wasn't bad for everyone, particularly those with whatever is German for "chief executive officer" on their email signature.

Sergio P. Ermotti, the UBS chief executive, saw his compensation increase nearly 5 percent in 2014, despite the Swiss bank’s financial performance for the year being “tempered” by legal and regulatory charges, the lender said on Friday...Mr. Ermotti received total compensation of 11.2 million francs for 2014, up from 10.7 million francs in the prior year.

Obviously this is news worth celebrating, if someone can catch an early flight to NYC tomorrow.

UBS Chief Executive’s Pay Rose Nearly 5% in 2014 [Dealbook]

Stephen Schwarzman's performance review must have gone really well.

And it wasn't just one of those giant Toblerone bars.

Not everyone received a package that resulted in a nice long cry. Andrea Orcel, for example, did pretty okay for himself.

The board has decided Corbat did a 10 percent shittier job last year than in 2013.

...did pretty well for themselves this last go around, particularly compared to their counterparts at JP Morgan, Morgan Stanley, BofA, and Citigroup.

...employees will get their bonus numbers when management feels like giving them their bonus numbers!

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