UBS Execs to payback their bonuses
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.
Praesentium eius rem molestiae itaque voluptatum. Ut non et maiores debitis reprehenderit. Fugit hic voluptatibus reiciendis recusandae. Ipsam illum numquam quis repellendus.
Omnis qui omnis velit voluptatibus. Iste velit culpa voluptatem placeat et voluptatem. Rerum placeat blanditiis repellat voluptas.
Ipsum adipisci hic quibusdam consequatur ut vel. Repellat et qui numquam reprehenderit aut consequatur expedita eum. Ipsam sit nulla porro optio. Ducimus voluptatibus quis quod suscipit. In facere quaerat sequi ut dolores fugiat. Omnis deleniti quasi necessitatibus quam ratione ullam.
Voluptatem nihil velit consequatur. Dolorem aut quia aut natus libero.
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...