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ubs ceo salary rises to 14.9 million francs amid public criticism
UBS CEO Sergio Ermotti's salary for 2024 has risen to CHF 14.9 million, sparking renewed criticism over executive pay in Switzerland. The Council of States is considering a salary cap for bankers, which has raised concerns about government intervention in the financial sector. UBS reported a net profit of $5.1 billion and has made significant cost reductions, yet debates over high salaries continue to dominate public discourse.
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