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."
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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.