Let them eat cake UPDATE

March 2, 2009

UBS nixes bonuses, but increases salaries


Any increase in base salary availalbe to a managing director at UBS still depends on a performance review. But some salaries for senior bankers are being raised to about… $429,000 from $172,000…


While this is still less than many made with bonuses included, I wonder how many UBS investors are getting this type of guaranteed return.


Here is a chart of UBS stock price decline over the past year.





One Response to “Let them eat cake UPDATE”

  1. […] Let them eat cake UPDATE « barbedwiresmile […]

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