UBS’s Weber on Orcel's Deferred Pay: `It’s Leave, Lose'

The transcript discusses a company's clear and consistent policy on deferred compensation, emphasizing that it is a 'leave lose' policy. The policy is applied uniformly, and the company does not engage in discussions about individual contracts. Executives' career decisions do not impact the company, and the policy has been consistently communicated over the years. The speaker concludes by wishing Andre, a great executive, good luck in his future endeavors.

What is the company's stance on flexibility regarding deferred compensation?

• They have a strict policy.

• They follow industry standards.

• They are open to negotiations.

• They decide on a case-by-case basis.

How does the company handle executives moving to other organizations?

• They offer incentives to stay.

• They have discussions with the executives.

• They impose penalties.

• They respect the executives' decisions.

What is the company's approach to communicating their policies?

• They do not communicate policies.

• They change policies frequently.

• They communicate policies inconsistently.

• They have consistently communicated their policies.

What does the speaker wish for Andre?

• A successful career.

• A new job opportunity.

• Good luck.

• A promotion.

How does the speaker describe Andre?

• A new executive.

• An average executive.

• A great executive.

• A challenging executive.