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Posts on ‘December 19th, 2012’

Shell CEO Peter Voser tainted by UBS Scandals

Voser was said to have provided significant input to the stabilization of the scandal ridden Swiss bank. Ironic spin given that the Swiss Justice Minister warned only months later that UBS was in danger of collapse. It actually has a reputation riddled with more holes than Swiss cheese. In February 2008, Peter Voser was appointed as Chairman of the UBS Audit Committee.

By John Donovan

From April 2005 to April 2010 the current Chief Executive Officer of Royal Dutch Shell Plc, the Swiss national, Mr. Peter Voser, served on the Board of Directors of the Swiss bank UBS AG. He was a member of the governance and nominating committee and of the strategy committee. In February 2008, Peter Voser was appointed as Chairman of the UBS Audit Committee. A fact also confirmed on page 19 of UBS review 2008. He was well paid. For example, in the year 2008/2009, Voser received over $1 million USD (in Swiss francs) from UBS in “compensation” and shares.
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