Reuters: UBS adopts new exec pay model, axes 2008 bonuses

[chris]

UBS adopts new exec pay model, axes 2008 bonuses
      

ZURICH (Reuters) - Swiss bank UBS AG, under pressure at home to give up on hefty bonus schemes in the face of its poor performance, said on Monday it will introduce a more transparent pay system for top executives.<div class="feedflare">
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