Ospel

The recent troubles surrounding UBS AG UBS , which had to write down some $50 billion in assets during the financial crisis, and its highly-paid executives such as ousted chairman Marcel Ospel have also triggered a debate about a potential cap on executive and board member salaries in the country.

Novartis payouts irk some investors Goran Mijuk 2011

However, the key to UBS's troubles lies not so much with Mr. Grübel as with his predecessor, Marcel Ospel.

UBS's Troubles Date From Ospel's Time 2011

By imitating American megabanks and the vast amount of risk they took, Mr. Ospel drove UBS into a situation from which it could not emerge in times of serious crisis, except through government bailouts.

UBS's Troubles Date From Ospel's Time 2011

If there is any blame to be assigned for UBS's troubles, it lies with Mr. Ospel and with his misguided strategy of high-risk, bad imitation and rapid expansion, rather than with Mr. Grübel's short stewardship over the bank.

UBS's Troubles Date From Ospel's Time 2011

UBS Chairman Marcel Ospel had his paycheck slashed after the bank's $37 billion write-downs, while Bob Diamond, the chief executive of Barclays Capital faced heavy criticism for his £21 million ($41.05 million) payout.

Willie Walsh: European Trend Setter Vidya Ram 2008

PARIS — UBS, the largest Swiss bank, said Tuesday that it would write down another $19 billion related to the American real estate market and said that its chairman, Marcel Ospel, would step down.

Eschaton 2008

The bank also decided there are no grounds for suing Ospel over the huge losses incurred on his watch.

CNN Transcript Dec 15, 2009 2009

Marcel Ospel earned 2.6 million Swiss francs ($2.6 million) in 2007, down from 26.6 million francs in 2006.

Gentle Ben 2008

The full Ospel blight won't be expunged so easily.

UBS chairman starts cleanup, 2008

Marcel Ospel earned 2.6 million Swiss francs ($2.6 million) in 2007, down from 26.6 million francs in 2006.

No News, Good News 2008