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UBS to hang up dress code.

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Back in December 2010, Swiss banking giant UBS found itself once again the target of the world's media: not for misconduct, bonuses, or similar scandals that have plagued the banking industry, but for its publication of a staff handbook. The 44-page Dresscode UBS booklet--featuring guidelines on underwear, shoulder pads and prohibited foods--astonished and amused UBS employees, before spreading to the Internet, where it quickly went viral. The world's media picked up on the story, mocking UBS both for taking micromanagement to an all-time low, and epitomising Switzerland's stereotypical pedantry.

Among the sartorial tips were useful nuggets, such as, "You can extend the life of your knee socks and stockings by keeping your toenails trimmed and filed." Another helpful pointer was, "Glasses should always be kept clean. On the one hand, this gives you optimal vision, and on the other hand dirty glasses create an appearance of negligence." Male employees were also instructed to get a monthly...

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