4 ms·
Switzerland publicly voted on a strict 12x salary limit for CEOs compared to junior employees. The proposal was rejected after 65% of voters opposed it. http:/
by QuantumRoar 11y ago
Switzerland publicly voted on a strict 12x salary limit for CEOs compared to junior employees. The proposal was rejected after 65% of voters opposed it.
http://www.bloomberg.com/news/articles/2013-11-24/swiss-voters-reject-strictest-executive-pay-limits http://www.bloomberg.com/news/articles/2013-11-24/swiss-vote...
The article also says that the same law (with public voting) would have had a much larger success rate in Germany where apparently three quarters of the population would vote in favor.
I wonder how such a public vote would turn out in the USA.
- cft 11y agoThis has also been tried in the USSR. The economic success of such a measure is evident.
- gjm11 11y agoYeah, there was definitely nothing else different in the USSR that might also make affect economic success. Apart from how they paid their CEOs, they were just like the USA.
- fapjacks 11y agoIf it were up to the actual voters, I believe it would pass. But there is no way in hell any more than a small handful of American politicians would vote for this.