Roche’s Severin Schwan Still Best-Paid Swiss CEO, Ethos Says

With 13.4 million francs ($14 million) total compensation last year, Severin Schwan, chief executive officer of Roche Holding AG, is still the best-paid Swiss executive, closely followed by Joseph Jimenez, CEO at rival Novartis AG, according to a study by corporate governance group Ethos.

“Double-digit sums are difficult to accept in a Swiss environment,” Dominique Biedermann, director of Ethos, told reporters at the briefing. “The Swiss people have voted and said such compensation doesn’t go anymore.”