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Ethos criticizes UBS for its high executive compensation, which it argues encourages excessive risk-taking, and advocates for replenishing equity instead of share buybacks. The foundation also highlights shortcomings in UBS's sustainability efforts, particularly regarding transparency and climate goals, urging a focus on long-term stability over short-term gains.
UBS is facing criticism from the shareholders' association Ethos ahead of its Annual General Meeting on April 10. Ethos recommends rejecting the bank's remuneration, share buyback program, and sustainability report, citing excessive pay for CEO Sergio Ermotti and weakened sustainability ambitions.
Ethos criticizes UBS for high executive compensation and share buybacks, urging the bank to focus on replenishing equity instead. The foundation highlights that UBS's CEO pay remains among the highest in Europe, which could encourage excessive risk-taking, and calls for improved sustainability transparency.
Ethos advocates for UBS to prioritize replenishing its equity over high executive compensation and share buybacks, criticizing the bank's leadership pay as excessive compared to peers. The foundation also highlights shortcomings in UBS's sustainability efforts and calls for greater transparency in its climate strategy.
Ethos is set to oppose UBS's executive remuneration and proposed share buybacks at the bank's Annual General Meeting on April 10, 2025. The pension fund consultancy criticizes the high salaries of UBS executives, particularly CEO Sergio Ermotti, whose pay is significantly above the median for similar companies. Ethos warns that increasing variable compensation could lead to excessive risk-taking and urges UBS to focus on strengthening its equity capital instead.
Proxy advisor Ethos has criticized UBS for excessive executive compensation, particularly for CEO Sergio Ermotti, whose pay exceeds the median of European peers. Ethos also opposes UBS's share buyback program, arguing it undermines the bank's equity capital and long-term stability, and has rejected the sustainability report due to perceived backsliding on climate commitments and insufficient emissions transparency.
The Ethos Foundation criticizes UBS for excessive executive compensation, particularly highlighting CEO Sergio Ermotti's nearly CHF 15 million salary, which is significantly higher than peers. Ethos plans to oppose the proposed remuneration and share buyback initiatives at the April 10, 2025, Annual General Meeting, advocating instead for stronger shareholder equity and expressing concerns over potential risk-taking behaviors linked to high variable pay. Additionally, the foundation calls for a rejection of a sustainability report it deems inadequate.
Proxy advisor Ethos has criticized UBS for excessive CEO remuneration, a share buyback program, and shortcomings in its sustainability report, urging shareholders to vote against these agenda items. Ethos highlights that UBS has regressed in its climate and diversity commitments and lacks transparency in greenhouse gas emissions, raising concerns about the bank's long-term competitiveness and capital adequacy.
Ethos, a shareholder association, has urged UBS shareholders to reject the bank's remuneration, share buyback program, and sustainability report. They criticize the high management pay, particularly the variable remuneration structure, which could promote excessive risk-taking. Additionally, Ethos highlights significant gaps in UBS's sustainability commitments and opposes the share buyback plan amid discussions on tightening capital requirements for large banks. The Annual General Meeting is scheduled for April 10 in Lucerne.
Ethos opposes UBS's executive remuneration and proposed share buybacks, advocating instead for increased equity capital. The foundation highlights that CEO Sergio Ermotti's pay remains excessively high compared to peers, warning that high variable compensation could encourage risky behavior, reminiscent of past financial crises. At the upcoming Annual General Meeting, Ethos will challenge the proposed emoluments and a sustainability report it deems inadequate.
Sergio Ermotti
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ubs faces criticism over executive pay and sustainability practices
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ethos criticizes high compensation and share buyback plan at UBS
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ethos criticizes ubs for high executive pay and share buybacks
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Ethos urges rejection of UBS remuneration and share buyback proposals
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ethos challenges excessive executive pay and share buybacks at UBS meeting
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