Switzerland will vote on Sunday on whether to limit the salaries of top executives. The ratio is 1:12 i.e the top executive is eligible for a salary that is 12 times the lowest. Here is what the leader of democratic party in Swiss had to say - “After the Second World War, the growth of salaries and wealth was more or less parallel,“In the last ten years one small part of society took the big profits and the majority ... had less in their pockets.” Not just Swiss, Spain is planning a similar model. France is pushing ahead for 1:20 model. World over, people have realized the great divide b/w top management and the lower level on salary. High time, India follow a similar approach
Posted on: Wed, 20 Nov 2013 15:30:06 +0000