View all newsletters
Have the short, sharp Spear's newsletter delivered to your inbox each week
  1. Wealth
October 21, 2008

Swiss authorities to restrict big bank bonuses?

By Spear's

Acting Finance Minister Eveline Widmer-Schlumpf said the Swiss authorities are considering measures to restrict pay and bonuses at big banks.

Acting Finance Minister Eveline Widmer-Schlumpf said the Swiss authorities are considering measures to restrict pay and bonuses at big banks, following the huge lifeline the government has extended to largest bank UBS.

Widmer-Schlumpf told weekend paper SonntagsZeitung one option would be to ask assemblies of shareholders to help set pay levels for top executives. She said she was also considering a fixed bandwidth for banks’ biggest earners. Also up for discussion are measures to make additional packages on top of base salaries, such as stock options, illegal.

For further details visit thewealthnet

Content from our partners
Porto Montenegro: Adriatic Elegance Tailored to You
Family office gold rush in Hong Kong
Top of the league for football fans

Select and enter your email address The short, sharp email newsletter from Spear’s
  • Business owner/co-owner
  • CEO
  • COO
  • CFO
  • CTO
  • Chairperson
  • Non-Exec Director
  • Other C-Suite
  • Managing Director
  • President/Partner
  • Senior Executive/SVP or Corporate VP or equivalent
  • Director or equivalent
  • Group or Senior Manager
  • Head of Department/Function
  • Manager
  • Non-manager
  • Retired
  • Other
Visit our privacy policy for more information about our services, how Progressive Media Investments may use, process and share your personal data, including information on your rights in respect of your personal data and how you can unsubscribe from future marketing communications.
Thank you

Thanks for subscribing.

Websites in our network