Executive pay Salary cap fails at ballot box

by Urs Geiser, swissinfo.ch November 24, 2013 – 13:33 Swiss voters have rejected a proposal limiting the salaries of top executives, according to early projections on Sunday. About two-thirds of voters said no to the Young Socialists’ plan. The aim of the youth branch of the centre-left Social Democratic Party was to reduce the salary gap to a 1:12 ratio – in other words to limit the salaries of top executives based on the annual minimum wage of the lowest paid employee within the same company. The vote brings to an end to more than six months of intense campaigning by…