Swiss Vote to Limit Executive Pay

Some of the most draconian new rules in the world

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.

Comments

[AlgerHiss]

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.

[John Galt]

Hard to say what’s gotten into the Swiss lately, but it’s certainly not healthy.

[Suthenboy]

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.