Swiss Cantons Nidwalden, Glarus Back CEO Pay Limits, SF1 Reports

Voters in the two small Swiss cantons of Nidwalden and Glarus approved tough new limits on executive pay today, according to Swiss television, an early indicator a plebiscite to impose limits on pay outs to “fat cats” may get approved.

The initiative would allow a finding annual shareholder vote on executive compensation for listed companies and other measures. According to polls, an approval is likely.

To contact the reporter on this story: Catherine Bosley in Zurich at cbosley1@bloomberg.net

To contact the editor responsible for this story: Zoe Schneeweiss at zschneeweiss@bloomberg.net

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