Switzerland: Referendum on ′Fat Cat′ Pay | All media content | DW | 20.02.2013
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European Journal

Switzerland: Referendum on 'Fat Cat' Pay

On March 3, Swiss voters will decide whether the salaries of top executives should be set by the company's shareholders. The 'yes' side is thought to stand a good chance of winning.

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The referendum campaign was launched by MP Thomas Minder, a small businessman turned politician from the town of Schaffhausen. If successful, bonuses and salaries for top managers could be limited and golden handshakes eliminated.