CEO pay cap limit initiative rejected by Swiss referendum — RT Business:
"Switzerland has rejected a proposal to limit the salary of CEO’s to 12 times that of their lowest-paid employees, following a massive campaign by big business who spent millions in advertising against the measure.
The measure was opposed by 65 percent of voters, the government of Bern said Sunday, claiming a voter turnout of 53 percent, the highest in the last three years. The proposal was rejected by a margin of around two to one.
“It’s a big relief,” Valentin Vogt, president of the Swiss Employers’ Association, said in an interview on Swiss national television SRF. “It’s a signal that it’s not up to the state to have a say in pay.”"
'via Blog this'
No comments:
Post a Comment