Bloomberg "Anywhere" Remote Login Bloomberg "Terminal" Request a Demo

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

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

Swiss Businessman Thomas Minder uses a mobile phone bearing a sticker reading in French
Swiss Businessman Thomas Minder uses a mobile phone bearing a sticker reading in French "Yes Initiative Minder" as he awaits results on the so-called Minder Initiative nationwide vote in Schaffhausen. Photographer: Fabrice Coffrini/AFP via Getty Images

March 3 (Bloomberg) -- 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

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.