All of the world must have CEO of their bank to management the progress for benefit and profit to led company to be more increase for them. But this time, it happens in Swiss that the chief executive of Swiss bank UBS call Oswald Gruebel. He was come out of retirement to run UBS two years ago with lose his bonus. This matter makes some one surprise of this because why higher staff like CEO of bank had made mistake that let down the company to lose share price.
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Oswald Gruebel has to waive his bonus for the second year in a row because of the company's falling share price. USB had said that share price did not increase in 2010 has led to Mr. Gruebel's decision. Oswald Gruebel, he thought that he was the only one CEO of huge bank in Swiss that forgo for his bonus. But once time he was entitled to a bonus based on profit and progress toward medium-term strategic goals in 2010 and most importantly his base salary stays the same as when he joined UBS. Finally, something happen with many CEO of bank in Swiss that they're had waived bonuses for 2009. But pay-outs have been reinstated following the performance of financial institutions in 2010, with several executives taking bonuses in deferred share awards.
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Many people who love business they would like to be a CEO, and I'm the one in those many people that want to be CEO of large company in the country. But when I read this news that something happen with the higher position staff just like CEO that make a trouble mistake inside the company to let it down to lose for profit. Then a CEO should responsible for his just like on the news to waive a bonus. The fact many company when they're have a terrible problem with them, the first people that have effect must be a lower position staff but for this matter the boss have to forgo a bonus so far in this year too. This happening make me feel unhappy that why the position in my dream have to responsible like this because CEO make a good benefit and bring profit to company for many time and he need to take care of many people in there. However, this matter can't change my mind to be CEO like this and most important I must learn more from news just like a problem while I study to prepare myself to get better knowledge. Actually, that in the news had said "UBS shares fell 4.4% in 2010 but outperformed the Stoxx European Banks index, which dropped 11.6%" and I recommend for this is regular or nature that many company have to be like this similar to UBS in Swiss. Many CEO can't run away from those problems like that and I suggest that they have to solve that instead of retirement. According to the news about "pay-outs have been reinstated following the performance of financial institutions in 2010, with several executives taking bonuses in deferred share awards" , The assistant or important position who below the CEO should get a chance for him if he wasn't to be give of those problem like that. Finally, I can guarantee about the problem in the future might gonna happen like this, and CEO's duty have to do his best way to many thing increase for the company.
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References
UBS chief Oswald Gruebel forgoes bonus. (2011, March 4). BBC NEWS. Retrieved March 5, 2011 from http://www.bbc.co.uk/news/business-12649269
I don't understand Peter, that I can't make space for 2-3 low. Then I need to make under line like that to let you know the structure of the paragraph.
ReplyDeleteBut if you know the way to fix it. You can tell me anytime but this matter was happen in the class room that I had show you before this happen again.