Small business owners are facing a difficult time as inflation remains a problem, causing them to raise prices and wages. A survey by the NFIB found that 88.5% of small businesses are facing economic challenges, with inflation being the biggest concern, particularly higher input and labor costs. The survey shows that inflation is still an issue for businesses, despite other data showing it's receding.
UBS CEO Sergio Ermotti received a $15.9 million compensation package in 2023, after he returned to lead the bank's merger with Credit Suisse. The bank's total executive board compensation increased to $159.5 million, with bonuses being reduced by 14% to $4.5 billion. Despite facing merger-related expenses, UBS has performed well, with its stock price rising since Ermotti's return.
