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ubs executives reap record bonuses amid taxpayer-backed takeover success
UBS has transformed into a massive bonus machine, with CEO Sergio Ermotti set to earn CHF 14.9 million in 2024, including a substantial cash payout. His shareholdings have skyrocketed to nearly 2.5 million shares, valued at CHF 70 million, as the bank's bonus pool increased to CHF 4.7 billion. Meanwhile, Chairman Colm Kelleher's compensation rose to CHF 5.5 million, reflecting a broader trend of soaring executive pay amidst significant profits.
Swiss Post to Outsource 170 Branches Amid Industry Concerns
Swiss Post plans to convert 170 branches into partner locations, investing over 100 million francs by 2028. Meanwhile, social welfare rates have dropped, but the number of recipients with mental health issues is rising, highlighting a need for better care services. In Zurich, stricter subletting regulations are being debated ahead of a referendum, while the new Hezbollah leader, Naim Qassem, has been appointed following Hassan Nasrallah's death.
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