Swiss vote to limit executive pay
UBS employees at all levels fret for bonuses
UBS confirmed yesterday its performance-related bonus pool is 10 percent less than last year—at about 4.3 billion francs. Switzerland’s largest bank says the shrinking bonuses and more regulations will hurt its ability to retain top talent. But lower-level employees worry that changes in compensation rules will cut their pay and hurt morale. WRS’s Tony Ganzer has more: