In the memo, Grübel includes a pep talk for employees:
"As I've always emphasized, a lot of work remains to be done here. So don't let recent events distract you from your work. Continue giving your all and keep your focus on your clients. I am certain that UBS can carve out a strong place for itself within the fundamentally changing financial industry."
This memo follows a previous communication to employees, in which Grübel explained the incident and wrote, "Ultimately, the buck stops with me."
- Who are Grübel's primary and secondary audiences for this memo?
- What would you identify as Grübel's goals of this message?
- In your opinion, to what extent did he achieve these goals?