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UBS CEO Sergio Ermotti earned 14.9 million francs for 2024, maintaining a similar salary to the previous year despite market speculation of a higher figure. The bank faces ongoing legal challenges, including a significant tax case in France and lawsuits from former Credit Suisse shareholders, with provisions for legal disputes totaling $3.6 billion at the end of 2024. As UBS integrates Credit Suisse, Ermotti's leadership is under scrutiny amid calls for stricter banking regulations in Switzerland.
UBS has faced criticism over CEO Sergio Ermotti's 2024 salary of CHF 14.9 million, despite a slight decrease in his bonus. Political figures and the proxy advisor Ethos have expressed concerns about high executive pay, with proposals to cap banking sector salaries gaining traction. Meanwhile, UBS is also navigating increased capital requirements to mitigate risks following the Credit Suisse integration.
Salaries for CEOs of major Swiss companies are on the rise, with UBS CEO Sergio Ermotti earning 14.9 million francs and Novartis CEO Vasant Narasimhan at 19.1 million francs. This trend has sparked political debate, including a proposed salary cap for bankers, which faces opposition from the Bankers Association. Shareholders, particularly large asset managers, prioritize company performance over concerns about executive pay.
David Layton
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
ubs faces legal challenges while ceo ermotti's compensation remains stable
17:02 17.03.2025
ubs faces backlash over ceo salary amid ongoing public scrutiny
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16:55 17.03.2025
rising executive salaries spark debate in swiss corporate governance
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15:54 17.03.2025
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