UBS Fucks its bankers (again), version 2010

Word is beginning to trickle out of UBS Investment Bank that the compensation disclosed today is just laughable, so funny that staff don't know whether to give in to tears or rage.

It is so off-market, so "below the City, below the Street," so "gimmicky" with cash/stock, clawbacks, smoke and mirrors, so ridiculously inferior to other investment banks, that we can only conclude that UBS hopes to close up its investment banking shop ASAP. Management apparently believes that if you humiliate people enough and if you become a big enough joke, you'll go quietly on your own. We'll see.

We'll be back with more (and we'll name names as best we can, once we hear first-hand--we need a new whipping boy, ever since that asshole Jerker parachuted out with his tens of millions of pounds), but we'll open up the floodgates here and let you have a field day.

If you're concerned that this site is not anonymous, feel free to email your anecdotes to ubsimploding@yahoo.com and we'll post them for you.