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Posts on ‘June 4th, 2013’

Peter Voser and the 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.

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By John Donovan

The Sunday Times reported at the weekend (page 2 of the Business Section) that UBS, the Swiss bank, is being investigated by French authorities regarding allegations that it helped wealthy clients to evade tax.

Extract

“Investigators are looking into claims that UBS advisers tried to coax French customers to move cash to Switzerland to sidestep the taxman between 2002 and 2007.”

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. 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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royaldutchshellplc.com and its sister websites royaldutchshellgroup.com, shellenergy.website, shellnazihistory.com, royaldutchshell.website, johndonovan.website, shellnews.net and shell2004.com are all owned by John Donovan. There is also a Wikipedia article.
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