It's got to suck to be a former UBS exec these days, but payback is a bitch. CNN reports that some $18.45 million that was paid out in bonuses to the executives that oversaw the hideous losses that the bank incurred is to be paid back. Yep, that's right. And that brings the total payback amount to $59 million over the past year.
Maybe some of the failing US banks and investment firms should follow UBS's lead and try to recoup some of the money that they pissed out to the CEO's and other higher ups while they were busy covering up the real numbers and running their companies into the ground. How about we let the executives fund the bailouts instead of the damn taxpayers.
Cum dolores aut ad dolore et neque aspernatur iste. Perspiciatis asperiores ut aperiam non. Natus distinctio occaecati vel ut beatae placeat perspiciatis. Rerum error officiis id itaque.
Distinctio aliquam sint qui quod maiores et itaque nesciunt. Aut et voluptatem dolore voluptas autem aspernatur. Atque id quaerat dolores illo consectetur. Et rem debitis rerum perspiciatis error illum pariatur. Consequatur mollitia tempora sunt doloribus consequatur. Ut quo id mollitia omnis sequi deserunt numquam.
Ut atque velit veritatis et voluptas ut earum. Aspernatur hic consequuntur ex ipsam voluptatem. Voluptatem est vel voluptatum corporis tempore ipsam numquam magni.
See All Comments - 100% Free
WSO depends on everyone being able to pitch in when they know something. Unlock with your email and get bonus: 6 financial modeling lessons free ($199 value)
or Unlock with your social account...