Swiss Go to Polls on Executive Pay Limits as Rejection Probable
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The Swiss vote today on whether to introduce the strictest pay limits for top managers in developed countries. Rejection looks probable.
According to the latest poll, more than half of voters oppose the 1:12 initiative in a referendum that would make it illegal for executives to earn more than 12 times the lowest paid member of their staff in Switzerland. The country is the home to at least five of Europe’s 20 best-paid chief executive officers.