Economics
Swiss vote against cap on executive pay
Swiss voters on Sunday massively rejected a proposal to cap executive pay at 12 times the wage of a firm's lowest earner, according to official referendum results.
(AFP) Swiss voters on Sunday massively rejected a proposal to cap executive pay at 12 times the wage of a firm's lowest earner, according to official referendum results.
Two thirds voted against the measure, which had been expected to fail in spite of widespread discontent at excessive pay for top bosses.
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