Swiss Vote to Limit Executive Pay
Swiss citizens voted to impose some of the world's strictest controls on executive pay, forcing public companies to give shareholders a binding vote on compensation, initial result projections showed.
Claude Longchamp, of pollsters Gfs Bern, told Swiss state television on Sunday early returns in a referendum showed 68 percent backed plans for shareholders to veto executive pay and for a ban on big rewards for new and departing managers.
Source: Al Jazeera. Read full article. (link)
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It’s rather sad to know the world has no shortage of Bolsheviks.
It’s a low time for freedom and liberty. Screw every one of them.
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Hard to say what's gotten into the Swiss lately, but it's certainly not healthy.
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I have no problem with shareholders voting for exec pay, but this should be a market solution not a government imposed one.
I fear that AlgerHiss is correct.