Sunday, March 03, 2013


Even the home of the Gnomes of Zurich is fed up with capitalist princelings!
Swiss back executive pay curbs in referendum
By Emma Thomasson

ZURICH | Sun Mar 3, 2013 11:35am EST

(Reuters) - Swiss citizens voted on Sunday to impose some of the world's strictest controls on executive pay, forcing public companies to give shareholders a binding vote on compensation.

The government said 67.9 percent of voters had backed allowing shareholders to veto executive pay proposals as well as banning big rewards for new and departing managers, one of the highest approval rates ever for a popular initiative.

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