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ubs faces backlash over ceo salary amid ongoing public scrutiny

UBS has faced criticism over CEO Sergio Ermotti's 2024 salary of CHF 14.9 million, despite a slight decrease in his bonus. Political figures and the proxy advisor Ethos have expressed concerns about high executive pay, with proposals to cap banking sector salaries gaining traction. Meanwhile, UBS is also navigating increased capital requirements to mitigate risks following the Credit Suisse integration.
onvista
Euro Swiss Franc United States Dollar Novartis AG Axon Partners Group, S.A. Credit Suisse Strategic Income I CHE David Layton Colm Kelleher Sergio Ermotti Karin Keller-Sutter Jürg Grossen Vasant Narasimhan Roman Studer Show more
Finance & Economy, News Article
16:55 17.03.2025

ubs ceo salary drops amid political scrutiny and industry comparisons

UBS CEO Sergio Ermotti earned 14.9 million sfr in 2023, making him the second-highest-paid CEO in Switzerland, behind Novartis CEO Vasant Narasimhan, who earned 19.2 million sfr. Ermotti's monthly salary decreased to just over 1.2 million sfr in 2024, down from 1.6 million sfr the previous year, with no clear explanation for the 25% pay cut.
Börsen-Zeitung
Swiss Franc Novartis AG CHE Sergio Ermotti Vasant Narasimhan
Business & Industry, News Article
14:42 17.03.2025

ubs ceo sergio ermotti earns 15.4 million euros amid pay scrutiny

UBS chief Sergio Ermotti was paid €15.4 million last year, maintaining his position as Europe's highest-paid bank executive amid increasing scrutiny of financial sector remuneration in Switzerland. His compensation exceeds that of peers at HSBC, Deutsche Bank, and Banco Santander, but remains lower than US counterparts like Jamie Dimon and Ted Pick. As UBS faces potential capital requirement increases following the Credit Suisse takeover, Ermotti and chair Colm Kelleher criticized the public debate on executive pay, warning that excessive regulations could harm Switzerland's economic competitiveness.
The Irish Times
United States Dollar British Pound Sterling Euro Swiss Franc Novartis AG UniCredit S.p.A. Credit Suisse Strategic Income I Morgan Stanley Banco Santander, S.A. JPMorgan Chase & Co. Deutsche Bank RV Global PP GBR USA CHE DEU ESP ITA Jamie Dimon Ana Patricia Botin Georges Elhedery Andrea Orcel Ted Pick Vasant Narasimhan Sergio Ermotti Christian Sewing Show more
Business & Industry, News Article
13:03 17.03.2025

debate over high salaries for bank managers intensifies in switzerland

Sergio Ermotti, UBS's CEO, earned 14.9 million francs last year, making him Europe's highest-paid banking manager, sparking renewed political debate over executive salaries. A recent motion proposes capping bank managers' salaries at 5 million francs, which could hinder talent acquisition in the financial sector. Critics argue that excessive variable pay encourages risky behavior, echoing concerns from past banking crises.
rsi
Euro Swiss Franc United States Dollar Novartis AG Credit Suisse Strategic Income I UWS JP Morgan EM A OSB Nestlé S.A. The Goldman Sachs Group, Inc. Deutsche Bank RV Global PP DEU USA CHE Sergio Ermotti Ulf Schneider Vasant Narasimhan Daniel Vasella Jakob Stark Vincent Kaufmann Jonas Neff Show more
Business & Industry, Transcript
12:40 17.03.2025

ubs ceo ermotti earns 14.9 million francs amid salary stagnation

UBS CEO Sergio Ermotti will receive a total remuneration of CHF 14.9 million in 2024, reflecting a stable salary despite a slight reduction in his bonus. His leadership during the integration of Credit Suisse has been acknowledged, although high bonuses continue to provoke public backlash in Switzerland, prompting discussions in parliament about capping bank salaries. In comparison, Ermotti's earnings are surpassed by leaders in other sectors, such as Partners Group and Novartis.
Die Presse
Euro Swiss Franc United States Dollar Axon Partners Group, S.A. UBS Group AG Novartis AG Credit Suisse Strategic Income I CHE Sergio Ermotti Colm Kelleher Vasant Narasimhan Show more
Business & Industry, News Article
09:41 17.03.2025

ubs ceo ermotti to receive nearly 15 million francs in 2024

UBS CEO Sergio Ermotti will receive a total remuneration of CHF 14.9 million for 2024, reflecting a slight increase from the previous year's CHF 14.4 million. Despite criticism over high salaries in the banking sector, Ermotti's pay remains below that of leaders in other industries, such as Partners Group and Novartis. UBS reported an adjusted pre-tax profit of USD 8.8 billion for 2024, bolstered by higher revenues and successful integration of Credit Suisse.
handelsblatt.com
Swiss Franc Novartis AG Axon Partners Group, S.A. Credit Suisse Strategic Income I CHE Sergio Ermotti Colm Kelleher Vasant Narasimhan Show more
Business & Industry, News Article
07:56 17.03.2025

ubs ceo ermotti's 2024 salary remains high amid legal challenges and integration efforts

UBS CEO Sergio Ermotti will earn CHF 14.9 million in 2024, with a fixed salary of CHF 2.8 million and a variable component of CHF 12.1 million. The bank's provisions for legal cases stand at $3.6 billion, including ongoing litigation in France related to unlawful client solicitation.
Finanz und Wirtschaft
United States Dollar Euro Swiss Franc Novartis AG Axon Partners Group, S.A. Credit Suisse Strategic Income I FRA CHE Sergio Ermotti Colm Kelleher Vasant Narasimhan Show more
Finance & Economy, Market Report
07:07 17.03.2025
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