The Wall Street Journal News Alert : Swiss Voters Reject High-Pay Initiative Switzerland stepped back from a movement to control corporate pay levels, overwhelmingly rejecting an initiative that would have restricted executive salaries to 12 times that of the lowest paid employee. Roughly 66% of Swiss voters Sunday opposed the 1:12 Initiative for Fair Pay, according to results from 25 of the countrys 26 cantons reported by Swiss television. An additional 34% supported the referendum item, which was named for the organizers belief no one in a Swiss company should earn more in a month than someone else makes in a year.
Posted on: Sun, 24 Nov 2013 19:54:51 +0000
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