Orcel's Rise to Santander CEO Ruined by Dispute Over UBS Pay
Andrea Orcel, former investment bank president of UBS AG, pauses during the Bloomberg Markets Most Influential Summit in London, U.K. (Photographer: Jason Alden/Bloomberg)

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

(Bloomberg) -- Banco Santander SA reversed course on installing Andrea Orcel as its next chief executive officer after a standoff over tens of millions of dollars in deferred pay.
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