27. März 2025|
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|8 months agoEthos Foundation Challenges UBS Executive Pay and Share Buybacks
Major Swiss shareholder advocacy group recommends rejection of UBS compensation and share buyback plans at upcoming AGM, citing excessive remuneration compared to European peers.
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Generated IllustrationKey Takeaways
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- Ethos Foundation recommends shareholders reject UBS's remuneration and share buyback plans
- UBS CEO compensation remains unchanged from 2023 to 2024
- Variable remuneration can reach seven times the basic salary
- UBS has modified its sustainability commitments regarding climate change and diversity
By The Numbers
7x
Maximum variable to basic salary ratio
They Said
"Such high payments and the very high leverage for variable remuneration can encourage excessive risk-taking, as the financial crisis of 2008 or the recent collapse of Credit Suisse have shown"
"The remuneration of UBS's executive bodies is too high compared to European financial institutions"