A good example

[Andy823]

http://money.cnn.com/2008/11/27/news/international/ubs_bonuses.ap/index.htm?postversion=2008112707

"More former UBS execs to repay bonus

Former executives have handed back $59 million over the past year, chairman Kurer says.


LUCERNE, Switzerland (AP) --

Former executives who oversaw massive losses at Swiss banking giant UBS AG will repay a further $18.45 million, Chairman Peter Kurer said Thursday.
The repayments by the unidentified individuals bring to nearly $59 million the amount of money handed back to the bank by former executives over the past year.

"I am continuing to hold talks concerning further repayments and waivers, and would greatly welcome it if it comes to that," Kurer told a special shareholders meeting.
Kurer said he was treating the latest repayments as confidential.

Pressure has been growing on the former executives to give back bonuses and other payments since UBS received a nearly $60 billion state bailout package last month.
Former Chief Executive Peter Wuffli, who left the bank in July 2007, disclosed earlier this month that he had already forgone some payments he was due last year and that a further waiver this year brought to 12 million francs the sum he was renouncing.

Earlier this week three other people who were top executives when the bank made bad investments in the U.S. subprime mortgage market said they were forfeiting $28 million in salary and other payments."



You can read more at the above link.

This should be mandatory for all those financial companies who are getting any kind of a bailout.