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UBS executives made $124.78 million in COVID-hit 2020
Executives in April pledged to contribute the equivalent of three months salary to fight the coronavirus, amounting to some 5.1 million francs for the thirteen executives present at the time
Reuters | March 5, 2021 | Updated 14:33 IST
UBS executives collected compensation of 115.9 million Swiss francs ($124.78 million) in 2020, up from 102.1 million francs for the year before the pandemic hit.
Former Chief Executive Sergio Ermotti, who left the bank in October, was awared a total 13.3 million francs in salary and bonuses for the first ten months of the year, the Swiss bank s annual report showed on Friday. That compared to 12.5 million francs for the full-year of 2019.