1. UBS Shareholders Urged to Reject Pay Proposal for Top Executives

    UBS Shareholders Urged to Reject Pay Proposal for Top Executives

    (Bloomberg) -- UBS Group AG investors should reject the bank’s compensation report, shareholder adviser Glass Lewis said, citing high fines in a legal dispute and a generally lackluster performance of bank shares. UBS had proposed a pay package that included 14.1 million francs ($14 million) in compensation for Chief Executive Officer Sergio Ermotti for last year...

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    1. On balance, we do not believe shareholders have been presented with sufficient evidence of a link between pay and performance.
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