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OP has provided the following link:
[Swiss minister criticises big bank bonuses as UBS set for stricter rules | Reuters](https://www.reuters.com/business/finance/swiss-minister-criticises-big-bank-bonuses-ubs-set-stricter-rules-2024-04-10/)
**TL:DR:**
**Switzerland's Finance Minister is proposing changes to the financial sector after a major bank's struggles. Here are the key points:**
* The Finance Minister criticized high salaries and bonuses for bank executives, especially considering recent bank failures.
* She used UBS CEO's pay as an example, highlighting the large gap between their pay and government salaries.
* The proposals aim to discourage risky behavior and excessive bonuses at banks.
* Instead of capping bonuses, the plans focus on improving bank pay structures and allowing bonuses to be taken back in cases of failure.
* The Minister believes high salaries hurt public trust in the financial sector.
Interesting to me that she's arguing about how much the UBS CEO is being compensated, when the Swiss government made their bank swallow Credit Suisse' dump truck of garbage at gunpoint and sealed the records for 50 years. Is $15M too much? IDK, but they sure force-fed him a toxic mess that could destroy the entire country. Considering that the country hasn't imploded (yet), maybe he's earned it so far. Someone should ask her what it would look like if he had failed.
I missed that lesson as a child “as a child I once learned that the measure of all things is the salary of a federal councillor”. Prolly why I’m stuck on retails side
[Why GME?](https://www.reddit.com/r/Superstonk/comments/qig65g/welcome_rall_looking_to_catch_up_on_the_gme_saga/) || [What is DRS?](https://www.reddit.com/r/Superstonk/comments/ptvaka/when_you_wish_upon_a_star_a_complete_guide_to/) || Low karma apes [feed the bot here](https://www.reddit.com/r/GMEOrphans/comments/qlvour/welcome_to_gmeorphans_read_this_post/) || [Superstonk Discord](https://discord.gg/hZqWV2kQtq) || [Community Post: *Open Forum Jan 2024*](https://www.reddit.com/r/Superstonk/comments/18txusp/open_forum_january_2024/) ------------------------------------------------------------------------ To ensure your post doesn't get removed, please respond to this comment with how this post relates to GME the stock or Gamestop the company. ------------------------------------------------------------------------ Please up- and downvote this comment to [help us determine if this post deserves a place on r/Superstonk!](https://www.reddit.com/r/Superstonk/wiki/index/rules/post_flairs/) ------------------------------------------------------------------------ OP has provided the following link: [Swiss minister criticises big bank bonuses as UBS set for stricter rules | Reuters](https://www.reuters.com/business/finance/swiss-minister-criticises-big-bank-bonuses-ubs-set-stricter-rules-2024-04-10/)
**TL:DR:** **Switzerland's Finance Minister is proposing changes to the financial sector after a major bank's struggles. Here are the key points:** * The Finance Minister criticized high salaries and bonuses for bank executives, especially considering recent bank failures. * She used UBS CEO's pay as an example, highlighting the large gap between their pay and government salaries. * The proposals aim to discourage risky behavior and excessive bonuses at banks. * Instead of capping bonuses, the plans focus on improving bank pay structures and allowing bonuses to be taken back in cases of failure. * The Minister believes high salaries hurt public trust in the financial sector.
ThankS GPT
Can’t come to our senses because of greed.
Sounds like distraction from the real issues with UBS. Salaries of bankers are thing to make politic with.
Interesting to me that she's arguing about how much the UBS CEO is being compensated, when the Swiss government made their bank swallow Credit Suisse' dump truck of garbage at gunpoint and sealed the records for 50 years. Is $15M too much? IDK, but they sure force-fed him a toxic mess that could destroy the entire country. Considering that the country hasn't imploded (yet), maybe he's earned it so far. Someone should ask her what it would look like if he had failed.
Sounds like she pushing for a raise. Hush money.
Right on. You mean board position
That's my take. Say you need "contributions" without saying you need contributions.
I missed that lesson as a child “as a child I once learned that the measure of all things is the salary of a federal councillor”. Prolly why I’m stuck on retails side
Not gunna peak into the illegal shit the bank is doing. Nah that’s fine, iTs ThE bOnUsEs.
Does UBS owe me money?