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Ermotti feels a little bit left in the lurch

the top of The big Bank, UBS, misses in the fight against a billion buses in France, the support of the Swiss Federal Council. The attack of the French Finance Minister, had remained at the UBS in Switzerland unchallenged.

He was feeling "a little bit" left in the lurch, said UBS CEO, Sergio p. Ermotti in a published on Thursday, "the view"Interview. "It can't be, that a French Minister of Finance wishes to the public during the investigation, a guilty verdict for UBS and Switzerland, do not react to it."

You have to imagine what it would be like if a Swiss Federal Council would wish during a procedure, the conviction of a company, said the 58-year-old Manager.

Ermotti, defended his wage

The Swiss Bank was sentenced to two months in the first instance by a Paris court for money laundering and abetting tax evasion. The Bank ended up with a record of buses and payment of damages in the amount of 4.5 billion Euro.

At the annual General meeting of the Bank is likely to stand for the lost process in France, the individual Discharge issue in focus. To talk about the high wages and bonuses of the management, however.

the group chief Ermotti defended in an Interview his total compensation from 14.1 million Swiss francs, expressed understanding for critics. "I accept that some of the people in principle are against these sums. That's okay." But there were also some that were not really the facts, would twist.

Board of Directors President Axel Weber said in the double-interview, UBS, as a global Bank with Swiss roots could take into account not only the wages in Switzerland. "We stand with other global banks in a competition for talent." Overall, the total remuneration of the Board of Directors and the group Executive Board at UBS have compared to before the financial crisis, in 2006 more than halved, said the 62-Year-old. (ij/sda)

Created: 02.05.2019, 07:19 PM

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