Swiss Voters Approve Toughened `Fat Cat' Pay Rules

March 4 (Bloomberg) -- Bloomberg's Catherine Bosley reports that Swiss voters approved a proposal by a margin of 67.9 percent to write executive pay rules into law. The pay limits can see executives who violate the terms punished with a jail term as long as three years. She speaks on Bloomberg Television's "Countdown."

The 'Uncertainty' and 'Turmoil' Facing Air France-KLM
28:55 - Air France-KLM Group said its markets are deteriorating as fares fall and France’s standing as a tourist hotspot is undermined by a succession of terrorist attacks that have spanned Paris to the Riviera. Europe’s largest airline said Wednesday there is “special concern about France as a destination” amid the Islamic State-inspired killings. Fuel savings that lifted second-quarter operating profit 77 percent will also be “more than offset” over the year as a fare drop prompted by overcapacity clips revenue. Chief Financial Officer Pierre-Francois Riolacci discussed with Bloomberg.
  • Statoil Comfortable With Financial Situation, Says Saetre
  • Valeo is Outperforming the Market, Says CEO Aschenbroich
  • Daybreak: What You Need to Know Today July 27