Skip to content
Subscriber Only

Germany to Study Swiss Bonus Cap Amid Pressure Over Excess Pay

German Chancellor Angela Merkel’s government will study a decision by voters in neighboring Switzerland to introduce fresh curbs on manager compensation, an election-year show of willingness to tackle “excessive” pay.

The German government is awaiting a European Commission proposal due by the end of the year that follows the Swiss line in giving shareholders a greater say over salaries for top managers, said Steffen Seibert, Merkel’s chief spokesman.