UBS (UBS) slashes its 2008 bonus pool by 80%. "You won’t see compensation packages anywhere near...

|By:, SA News Editor

UBS (UBS) slashes its 2008 bonus pool by 80%. "You won’t see compensation packages anywhere near what they were. The firms can’t explain it, the profits won’t allow it and shareholders won’t stand for it." Tell that to Bank of America's (BAC) shareholders, who saw Merrill bonuses decline just 6%.