Swiss voters vote for control of executives' bonuses

[Tayspiderx]

When was the last time Singapore has its on referendum?

 

http://www.guardian.co.uk/world/2013/mar/0...m-executive-pay

 

Swiss voters have approved measures to curb executives' pay and outlawed golden parachutes that can result on directors pocketing multimillion-pound payoffs.

 

Exit polls suggested almost 68% of those who turned out for Sunday's referendum, and all of Switzerland's 26 cantons, were in favour of the measures, which also include giving shareholders a binding vote on executive pay, banning golden hellos and banning bonuses that encourage buying or selling firms. Boards of directors that fail to comply face jail terms.

 

In Zurich, Switzerland's financial capital where polling stations remained open until 6.30pm local time

[Wyfitms]

Looks like it is still good to be banking senior exec 

 

http://www.ft.com/ig/sites/2015/bank-ceo-compensation-2015/

[A_korusawa]

this will neber happen here, especially to the MIW!

remember they get their bootlicker to assess their salary and claims they have the most reasonable in market rate!

now, market is doing bad - so should they still paid by market rate?

instead, every damn fees are raised, from traffic fines, stamp duties, all bills etc just to keep their pay high & shine!

 

sigh . . .