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A manager at Julius Baer, Thomas Frauenlob, earned CHF 6.8 million in 2024, making him the bank's highest-paid employee, largely due to a controversial "Golden Hello" compensating for lost bonuses at UBS. This remuneration has sparked criticism amid ongoing job cuts at the bank, raising concerns about fairness and shareholder impact. The disparity between high executive pay and employee layoffs highlights a troubling trend in the financial sector.
Thomas Frauenlob
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Julius Baer manager earns millions amid layoffs and rising criticism
13:43 18.03.2025
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