compensation
UBS Chief Executive Officer Sergio Ermotti earned 14.4 million Swiss francs (€14.7 million) in compensation for his nine months on the job in 2023, according to the bank's annual report. This is more than what the CEO of HSBC, Europe's biggest bank, received last year, sending Ermotti to the top of the best-paid European bank executives' list. He rejoined UBS in April 2023 to orchestrate the multi-year work of the emergency takeover of Credit Suisse, after serving as CEO of the banking group from November 2011 to October 2020. Ermotti's pay package is more than that of HSBC's Noel Quinn (€12.4...
Euronews (English)
New York (AFP) - A US judge on Friday ordered Argentina to pay nearly $16.1 billion to two companies that were not compensated as minority shareholders for the 2012 nationalization of the YPF oil giant. In a ruling that expanded on a prior judgment in favor of Petersen Energia and Eton Park Capital, federal judge Loretta Preska set the amounts that Argentina must pay the two firms in compensation. Preska ordered the South American nation to pay $7.5 billion in damages and $6.85 billion in interest to Petersen Energia. She also ordered Argentina to pay about $1.7 billion, between damages and in...
AFP
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