UBS Group AG investors should reject the firm’s compensation report, shareholder adviser Glass Lewis said, citing high fines in a legal dispute and generally lackluster performance of the bank’s shares.
UBS had proposed a pay package that included 14.1 million francs ($14 million) in compensation for Chief Executive Officer Sergio Ermotti for last year. While that’s down slightly from the 14.2 million francs he received in 2017, executive pay generally at UBS “appears consistently above peers,” Glass Lewis said in an emailed report.
