UBS chair tells paper he underestimated response to Ermotti pay

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ZURICH: UBS Group AG chairman Colm Kelleher says he underestimated the negative public response to chief executive officer (CEO) Sergio Ermotti’s 14.4 million Swiss franc (US$17.1mil) pay package.

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The UBS chairman may have “underestimated how parts of the public would react to this compensation,” he added.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaSwitzerland

Topics: Colm Kelleher UBS Group CEO Banking /Business/Business News

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-01 @ 00:00:00 (15 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 316 words

Reading Time: 2 minutes read

Sentences: 10 lines

Sentence Length: 32 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22811817

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