Ethos, pension funds, call for investor “say on pay”
GenevaLunch News The Swiss stock market is the only major one that doesn't give shareholders a say in executive pay.Ethos, pension funds, call for investor “say on pay” © GenevaLunch News, See license...
View ArticleUBS says found some tax fraud, bailout deal approved
GenevaLunch News Lucerne, Switzerland (GenevaLunch) – The UBS Extraordinary Meeting in Lucerne Thursday to seek shareholder approval of the federal government’s bailout plan succeeded, with 2,400...
View ArticleUBS shareholders refuse to lift ex-directors’ 2007 responsibility (update)
GenevaLunch News Update 20:15 Basel, Switzerland (GenevaLunch) - Close to 5,000 shareholders at the UBS annual general meeting Wednesday 14 April approved a number of measures, including a “discharge”...
View ArticleUBS fined CHF100,000 for slowness over 2007 losses
GenevaLunch News Zurich, Switzerland (GenevaLunch) - Bank UBS took too long to in July to give shareholders information about looming losses in 2007, the Swiss Stock Exchange sanctions commission has...
View ArticleSwiss central bank’s currency loss spares cantons, federal gov’t (update)
GenevaLunch News Losses in future years could touch shareholder gov’ts budgets Update 11:45 Zurich, Switzerland (GenevaLunch) – The Swiss National Bank (SNB) is likely to post a CHF21 billion loss for...
View ArticleUBS staff could see bonus cuts linked to trader’s loss
GenevaLunch News ZURICH, SWITZERLAND – Bonuses at Swiss bank UBS’s investment bank could be cut by up to 10 percent to help cover the CHF1.8 billion lost by rogue trader Kweku Adoboli earlier this...
View ArticleXstrata shareholders join Glencore’s to approve merger
GenevaLunch News Zug-based conglomerate to be world’s fourth largest mining company GENEVA, SWITZERLAND – Xstrata shareholders followed their Glencore counterparts to approve a merger valued at $67...
View ArticleDeparting Novartis chief admits mistakes over payout
GenevaLunch News GENEVA, SWITZERLAND – Daniel Vasella, the outgoing chairman of pharmaceutical giant Novartis, admitted to shareholders Friday 22 February that he made mistakes in negotiating a CHF 72...
View ArticleCredit Suisse’s Dougan gets CHF2m more, bank sets aside
GenevaLunch News ZURICH, SWITZERLAND – Brady Dougan isn’t the person who sets his pay, as chief executive officer and not chairman of the board of Credit Suisse. But his 34 percent increased...
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