Swiss ‘Fat Cat’ Vote Has Government Struggling With Details
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The Swiss government must figure out how to translate some of the world’s toughest rules on executive pay into national law after voters overwhelmingly backed new curbs in a referendum.
Swiss voters, still smarting after the country’s biggest bank UBS AG had to take state aid during the financial crisis, approved a proposal giving shareholders a binding vote each year on executive pay with 67.9 percent of cast ballots.