Sunday, 3 March 2013

Swiss vote 'to crack down on executive pay' - Telegraph

This is one for an Australian party wanting to inject a little class warfare into its campaign!

 Swiss vote 'to crack down on executive pay' - Telegraph:
A plan to limit pay to executives based in Switzerland is expected to be passed on Sunday, as people vote on the referendum against “rip-offs” remuneration.Under the proposal, shareholders will be given the right to hold a binding vote on executive remuneration. Companies would also no longer be able to pay so-called “golden hellos” and “golden parachutes”, whereby senior managers receive a one-time cash lump sum, often running into millions of pounds, when joining or leaving a company.Polls show the majority of Swiss plan to vote “yes” in the referendum, despite businesses warning it will drive out companies from the country.
'via Blog this'
Post a Comment