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We are convinced that our investments will bring valuable returns ¯ even if it will
take some time until we are satisfied with the revenues from all the areas we are
working on. It is our collective management responsibility to ensure that we use our
resources to create value while not tolerating any inefficiency or complacency.
Excerpt of the UBS letter to the shareholder 21 March 2007
www.annualreports.com
We are convinced that our investments will bring valuable returns ¯ even if it will
take some time until we are satisfied with the revenues from all the areas we are
working on. It is our collective management responsibility to ensure that we use our
resources to create value while not tolerating any inefficiency or complacency.
Excerpt of the UBS letter to the shareholder 21 March 2007
www.annualreports.com