'We’re taking the input and suggestions of every shareholder always very carefully,” Ermotti, 52, told Bloomberg News in an interview at a conference in St. Gallen, Switzerland. 'Yesterday was a good opportunity for all our shareholders to come to the AGM and voice their opinions'.
Ermotti’s comments come a day after New York-based Knight Vinke said in an open letter to shareholders before UBS’s annual general meeting that ownership of the investment bank, which 'nearly destroyed UBS' during the financial crisis, could be transferred to employees and managers.
In 2011, a $2.3bn loss from unauthorized trading at the unit led to the exit of former CEO Oswald Gruebel, three years after the bank received a government bailout to ward off a collapse.
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