UBS Investors Protest 2011 Compensation, Management Actions
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UBS AG shareholders protested against compensation and management actions after Switzerland’s biggest bank suffered a $2.3 billion loss from unauthorized trading.
Almost 37 percent of shareholders voted against the bank’s compensation report for 2011 at the annual meeting in Zurich today. More than 39 percent opposed discharging members of the executive board and board of directors of responsibility for their actions in 2011, while 8 percent abstained.