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ubs executive salaries spark political backlash amid rising public concern
UBS is facing mounting criticism over its executive pay structure, particularly as CEO Sergio Ermotti's potential salary could reach CHF 20 million, making him Switzerland's highest-paid manager. This situation raises concerns about public confidence and political intervention, especially following the recent turmoil in the banking sector. Despite the backlash, UBS maintains that its capital strength is central to its strategy, even as the debate over necessary equity levels continues.