Mein Kampf owning UBS’s Investment Banking Head May Have To Slash His Own Expenses “Like A Jewish Shopkeeper”

Dealbreaker’s own Bess Levin reports: As those of you keeping up with the many trials and travails of UBS know, the last couple years have been fairly brutal for investment banking chief Carsten Kengeter. Pre-tax IBD profit was down 55 percent YoY through June, employees are constantly on his ass about getting paid, the comments he made in attempt to “rally the troops” re: “slashing expenses like a Jewish shopkeeper” were totally taken the wrong way, some guy perpetrated a $2 billion fraud (which was partially to blame for CK getting passed over for the promotion he was gunning for), and to top it all off, the higher-ups accepted his offer to forgo a bonus for 2011, which he would never have put out there if he thought they’d actually go for it.

And now, as a thanks for all his hard work, management is publicly mulling the idea of lightening his load and paycheck, which could not come at a worse time considering he just put a down payment on a signed first-edition copy of Mein Kampf.

Read all about it at http://dealbreaker.com/2012/10/ubss-investment-banking-head-may-have-to-slash-his-own-expenses-like-a-jewish-shopkeeper/