Monday, November 17, 2008


Awesome word. As a potential deduction from a bonus, UBS executives may get a "malus". But, of course, I don't think it can result in a number lower than zero.

1 comment:

Paul said...

Was just thinking that this compensation structure looks like it is moving towards a private equity structure (clawbacks, profit sharing, long-term outlooks). Is this related to the fact that private equity investments tend to be negotiated and are mostly limited to smarter money?