Tuesday, December 17, 2019
Its Malus Time
Its Malus TimeIts Malus TimeUBS has become the first major bank to enact executive bonus clawbacksor maluses. No joke underthe Swiss giantsplanned new pay system, bankers could actually receive negative pay.In other (no) bonus news, New York Attorney General Andy The New Spitzer Cuomo cited recent announcements by UBS as well as Goldman and Barclays curtailing executive incentive comp when reminding AIG that it best not be throwing any bones to its top dogs.
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