The shareholders shouted a lot, but in the end, the “ayes” had it, and UBS will proceed with its capital-improvement plan. The sale of mandatory notes to the government of Singapore Investment Corp. and an unidentified-maybe-a-prince Middle Eastern investor was approved by 87.2 percent of the votes. The creation of authorized capital was approved by 95.2 percent of the votes. UBS get its $17.8 billion. No audit, no new chairman, but the money is nice.
UBS Gets the Money
March 01, 2008, 2:00 a.m. EST 1 Min Read
