5 ms·
The 1:12 project is at the same stage as the basic income one: up for referendum. Latest polls showed people were still undecided (vote is at the end of Novembe
by psuter 13y ago
The 1:12 project is at the same stage as the basic income one: up for referendum. Latest polls showed people were still undecided (vote is at the end of November).
- riffraff 13y agoI was under the impression the 1:12 vote already happened and was voted with an overwhelming majority, e.g. http://www.bbc.co.uk/news/world-europe-21647937 http://www.bbc.co.uk/news/world-europe-21647937 http://www.economist.com/blogs/schumpeter/2013/03/switzerland%E2%80%99s-vote-executive-pay http://www.economist.com/blogs/schumpeter/2013/03/switzerlan... Could you explain the discrepancy ?
- uraza 13y agoFrom the original article: In March, Swiss voters backed some of the world's strictest controls on executive pay, forcing public companies to give shareholders a binding vote on compensation. A separate proposal to limit monthly executive pay to no more than what the company's lowest-paid staff earn in a year, the so-called 1:12 initiative, faces a popular vote on November 24. The two articles you linked to refer to the first proposal.
- rstuder 13y agoThis refers to another constitution change: By strengthening the control of shareholders over payout for executives, they want to stop these extremely high bonuses. So this was a much less radical law change, that the 1:12 article would be.
- chmars 13y agoYour impression is wrong. The vote you are referring to was on shareholders' rights, i.e., shareholders will get more influence on the compensation of the executives of 'their' companies. The vote on the 1:12 initiative will be on November 24, 2013.