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

Swiss Businessman Thomas Minder
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

To contact the editor responsible for this story: Zoe Schneeweiss at

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