Orcel's Rise to Santander CEO Ruined by Dispute Over UBS Pay

Orcel's Rise to Santander CEO Ruined by Dispute Over UBS Pay

Assessment

Interactive Video

Business

University

Hard

Created by

Quizizz Content

FREE Resource

The transcript discusses a dispute over deferred pay involving Andrea Horschell, a UBS banker who was set to join Banco Santander. The conflict centers around $50 million in deferred bonuses, with UBS refusing to pay for joining a competitor. The situation has led to a fallout between UBS and Santander, affecting their relationship and Horschell's future prospects.

Read more

5 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was the main reason Banco Santander decided not to hire Andrea Horschell?

He had a conflict with the UBS management.

He was not qualified for the position.

There was a dispute over $50 million in deferred bonuses.

He refused to relocate to Spain.

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Why was the deferred pay issue not resolved earlier according to the discussion?

The bonus amount was miscalculated.

Santander was unaware of the bonus amount.

UBS and Santander were hoping for a compromise.

Andrea Horschell was not interested in the position.

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What was one of the expectations from Andrea Horschell during the dispute?

To negotiate a higher bonus.

To accept a pay cut.

To join a different bank.

To relocate to a different country.

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

How might the relationship between UBS and Santander be affected by the dispute?

It will likely improve.

It may become strained.

They will merge into one company.

It will remain unchanged.

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

What role did Andrea Horschell play in the relationship between UBS and Santander?

He led the relationship as a key figure.

He was not involved at all.

He was a competitor to both banks.

He was a minor consultant.