Switzerland rejects rule to cap senior executives’ pay

Swiss voters appear to have rejected a proposal to limit executives’ pay to 12 times that of junior employees, a measure that would have gone further than any other developed nation.

Switzerland rejects rule to cap senior executives’ pay

The pay ratio measure was opposed by 66% of voters, SRF television projections showed as of yesterday evening.

“It’s a big relief,” Valentin Vogt, said president of the Swiss Employers’ Association.

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