{
}
Swiss CEOs and board members, including UBS's Sergio Ermotti and Holcim's Jan Jenisch, often receive significantly higher compensation than reported due to undervalued share portfolios. For instance, Ermotti's 2023 earnings could have reached CHF 18.4 million if shares were valued accurately, while Jenisch's total compensation included CHF 48 million, largely from stock options. Roche's Severin Schwan and Nestlé's Mark Schneider also illustrate this trend, with substantial portions of their pay linked to undervalued shares.
Swiss CEOs, including UBS's Sergio Ermotti and Holcim's Jan Jenisch, are criticized for receiving substantial hidden bonuses due to undervalued share packages. Ethos Foundation highlights that these packages are often valued significantly below market rates, inflating actual remuneration over time. For instance, Ermotti's compensation could have reached CHF 18.4 million if shares were valued correctly, while Roche's Severin Schwan also benefits from similar undervaluation practices.
Salaries for CEOs of major Swiss companies are on the rise, with UBS CEO Sergio Ermotti earning 14.9 million francs and Novartis CEO Vasant Narasimhan at 19.1 million francs. This trend has sparked political debate, including a proposed salary cap for bankers, which faces opposition from the Bankers Association. Shareholders, particularly large asset managers, prioritize company performance over concerns about executive pay.
UBS CEO Sergio Ermotti's total compensation rose to CHF 14.9 million last year, comprising a fixed salary of CHF 2.8 million and variable components of CHF 12.1 million. Despite this increase, he remains below Novartis CEO Vas Narasimhan, who earned CHF 19.2 million. UBS Chairman Colm Kelleher defended Ermotti's pay, citing the challenges he faced, while acknowledging public discontent over high executive salaries, especially following a recent motion to cap compensation in the banking sector at CHF 5 million.
UBS CEO Sergio Ermotti's salary rose to CHF 14.9 million last year, a 3.7% increase from CHF 14.4 million for nine months in the previous year. While he remains one of the highest-paid executives, he is outpaced by Novartis CEO Vas Narasimhan at CHF 19.2 million. UBS Chairman Colm Kelleher defended Ermotti's compensation, citing the challenges he faced in his role.
UBS CEO Sergio Ermotti's total compensation for the past year reached 14.9 million francs, comprising a fixed salary of 2.8 million francs and variable components of 12.1 million francs. While his pay has sparked debate, it remains lower than Novartis CEO Vas Narasimhan's 19.2 million francs. UBS Chairman Colm Kelleher defended Ermotti's salary, citing the challenging circumstances he faced, but acknowledged underestimating public reaction to such high compensation levels.
UBS CEO Sergio Ermotti received a staggering salary of 14.9 million francs for 2024, as revealed in the bank's annual report. This follows last year's remuneration of 14.4 million francs for just nine months of work, sparking renewed criticism over excessive executive pay in Switzerland. The Swiss parliament is considering a salary cap for bankers, reflecting growing discontent with high salaries in the financial sector.
UBS CEO Sergio Ermotti earned CHF 14.9 million in 2024, slightly up from CHF 14.4 million in 2023, despite only working nine months after returning from Swiss Re. The bank reported a net profit of $5.1 billion and cost savings of $7.5 billion, while discussions on capping bank salaries continue.
UBS CEO Sergio Ermotti earned CHF 14.9 million for 2024, a slight increase from CHF 14.4 million in 2023, despite only serving nine months that year. His compensation includes CHF 2.8 million in fixed salary and CHF 12.1 million in variable pay. Meanwhile, a motion in the Council of States seeks to cap bank executives' salaries at CHF 3 to 5 million annually, potentially impacting Ermotti's future earnings.
UBS CEO Sergio Ermotti's salary for 2024 has risen to CHF 14.9 million, sparking renewed criticism over executive pay in Switzerland. The Council of States is considering a salary cap for bankers, which has raised concerns about government intervention in the financial sector. UBS reported a net profit of $5.1 billion and has made significant cost reductions, yet debates over high salaries continue to dominate public discourse.
Vas Narasimhan
People
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
Swiss executives benefit from undervalued share portfolios boosting their earnings
Swiss Franc
Novartis AG
Holcim Ltd.
UBS Group AG
Roche Holding AG
CHE
Vas Narasimhan
Mark L. Schneider
Thomas Schinecker
Sergio Ermotti
Severin Schwan
Jan Jenisch
Show more
06:04 11.05.2025
swiss ceos benefit from undervalued share packages boosting their bonuses
Swiss Franc
Novartis AG
Holcim Ltd.
UBS Group AG
Roche Holding AG
CHE
Vas Narasimhan
Mark L. Schneider
Thomas Schinecker
Sergio Ermotti
Severin Schwan
Jan Jenisch
Show more
20:47 09.05.2025
rising executive salaries spark debate in swiss corporate governance
Swiss Franc
Novartis AG
Hoffmann-La Roche AG
SGS SA
NOR
CHE
David Layton
Thomas Aeschi
Marc Chesney
Thomas Schinecker
Géraldine Picaud
Sergio Ermotti
Jakob Stark
Vincent Kaufmann
Vas Narasimhan
Show more
15:54 17.03.2025
ubs ceo salary increase sparks debate amid calls for compensation cap
Swiss Franc
Novartis AG
Sunrise Resources PLC
CHE
Sergio Ermotti
Colm Kelleher
André Krause
Vas Narasimhan
Show more
07:34 17.03.2025
ubs ceo salary rises slightly amid ongoing public scrutiny
Swiss Franc
Novartis AG
Sunrise Resources PLC
CHE
Sergio Ermotti
Colm Kelleher
André Krause
Vas Narasimhan
Show more
07:10 17.03.2025
ubs ceo salary sparks debate amid calls for compensation cap
Swiss Franc
Novartis AG
Sunrise Resources PLC
CHE
Sergio Ermotti
Colm Kelleher
André Krause
Vas Narasimhan
Show more
07:10 17.03.2025
ubs ceo sergio ermotti receives 14.9 million francs salary for 2024
Swiss Franc
Novartis AG
Sunrise Resources PLC
Credit Suisse Strategic Income I
CHE
Marc Chesney
André Krause
Sergio Ermotti
Jakob Stark
Thomas Minder
Vas Narasimhan
Show more
07:00 17.03.2025
UBS CEO Sergio Ermotti earns 14.9 million francs in 2024
Swiss Franc
United States Dollar
CHE
Sergio Ermotti
Jakob Stark
André Krause
Vas Narasimhan
Show more
06:56 17.03.2025
ubs ceo sergio ermotti earns 14.9 million amid salary cap debate
Swiss Franc
Novartis AG
Credit Suisse Strategic Income I
CHE
Sergio Ermotti
Thierry Burkart
Jakob Stark
Vas Narasimhan
Show more
06:52 17.03.2025
ubs ceo salary rises to 14.9 million francs amid public criticism
Swiss Franc
United States Dollar
CHE
André Krause
Colm Kelleher
Sergio Ermotti
Jakob Stark
Matthias Aebischer
Thomas Minder
Vas Narasimhan
Show more
06:49 17.03.2025
Trending
Subcategory
Corporate News
Industry Trends
Cryptocurrency Trends
Venture Capital Investments
Emerging Startups
Funding Rounds & Investments
Retail and Consumer Goods
Crypto Adoption and Integration
Fintech Startups
AI Innovations
Startups & Entrepreneurship
AI Applications
Economic Indicators
Crypto Policies and Governance
Product Launches
Workplace Trends
Central Banks and Digital Currencies
IPOs of Tech Companies
Market Analysis and Predictions
Real Estate Investments
Countries:
Companies:
Apple Inc.
Nvidia Corporation
DEUTSCHE BANK AG
EVOLUTION JAPAN Securities Co. Ltd.
Alphabet Inc.
Marvell Technology Inc.
Playtika Holding Corp.
Colugo Systems Ltd.
Gemini Trust Company LLC
Circle Internet Financial Inc.
Citigroup Inc.
Bank of America Corporation
Sony Corporation
Zero Networks Ltd.
Ecom Express Ltd.
Minebea Mitsumi Inc.
VOLKSWAGEN AG
Currencies:
People: