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Will Swiss 'fat cats' be put on diets?

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Switzerland's voters go to the polls to decide on controversial proposals which would impose strict limits on the salaries awarded to top executives.


Swiss referendum 'backs executive pay curbs'

Swiss voters appear to have backed proposals to impose some of the world's strictest controls on executive pay, projected referendum results suggest.

Some 70% are thought to have supported plans to give shareholders a veto on compensation and ban big payouts for new and departing managers.


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I have no opinion as to whether the Swiss fat cats will be put on a diet or not. I am continually impressed though that the Swiss process of referendum and recall allows for this type of true people power. I am envious.

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