MONDAY NOVEMBER 10
Bonus Bilking

After voluntarily agreeing to relinquish several million of Swiss francs last November, Peter Wuffli, the former chief executive of UBS, is now going the distance and giving up roughly $10 million of his bonus. His take?: “I thought it over long and thoroughly. For me, it’s a question of one’s personal position. High payments for departing top people in a company that’s gone seriously wrong cannot be justified.” But just what does that mean for the high-level traders at the bank in cases where funds fared none too well?

November 2008

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