Santander's mis-hiring fiasco - FT News in Focus

What this episode covers

Banco Santander said this week it would no longer hire Andrea Orcel, the outgoing boss of UBS’s investment bank, as its chief executive. The amount that the Spanish bank would have had to pay Mr Orcel to compensate him for deferred stock awards earned during his career at UBS was apparently just too much. Patrick Jenkins discusses what went wrong with David Crow and Stephen Morris.Contributors: Suzanne Blumsom, executive editor, Patrick Jenkins, financial editor, David Crow, banking editor and Stephen Morris, European banking correspondent. Producer: Fiona Symon Hosted on Acast. See acast.com/privacy for more information.

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How long is this episode of FT News in Focus?

This episode is 7 minutes long.

When was this FT News in Focus episode published?

This episode was published on January 17, 2019.

What is this episode about?

Banco Santander said this week it would no longer hire Andrea Orcel, the outgoing boss of UBS’s investment bank, as its chief executive. The amount that the Spanish bank would have had to pay Mr Orcel to compensate him for deferred stock awards...

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