Switzerland Clamps Down Hard on Obscene CEO Pay

(NEVER GONNA HAPPEN IN THE USA. WHY? BECAUSE THE RICH OWN THE POLITICIANS. POLITICIANS DROP TO THEIR KNEES WHENEVER A WEALTHY PARASITE TELLS THEM TO).

And with spiraling inequality, the rest of the wealthy countries should follow suit.

Yesterday, voters in Switzerland overwhelmingly  approved new measures to clamp down on executive pay. Under the approved referendum — which means that the new provisions will be  added to the Swiss constitution — shareholders will have the ability to veto executive pay packages, so-called “golden parachutes” will be outlawed, and executives who defy the rules could see jail time. As the Wall Street Journal’s Andrew Peaple wrote, “Swiss voters’ anger is understandable. Like other countries, it has seen executive pay rise out of all proportion over the past decade”:..

CONTINUE READING HERE!

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