[FairfieldLife] RE: The gnomes of Zurich are getting richer
That's a very interesting development, it brings in to question the whole free market system and whether or not pay restrictions have any effect at all on productivity. If so, then they're shooting themselves in the foot...kind of like, OBAMACARE! ;-) ---In FairfieldLife@yahoogroups.com, s3raphita@... wrote: From Telegraph: Early results suggest Swiss voters are saying no to a proposal to bring in a law that would limit executive pay to 12 times that of the lowest paid. There are many more votes still to count, but it is clear the initiative cannot pass now. The new rules would have given Switzerland the world's toughest pay rules and some of the lowest executive salaries - which business leaders said would limit foreign investment. It is the second time this year that Swiss voters have been balloted on the issue. In March they did back strict limits on bonuses and golden handshakes. There has been widespread public anger at revelations that some of Switzerland's chief executives are earning more than 200 times what their employees take home. Some Swiss have been further irritated that these high levels of pay are being given to executives whose firms have been cutting jobs. Although this proposal may have been defeated, the issue of high salaries and a widening wage gap has not gone away. Early next year, Switzerland will hold another referendum on a guaranteed minimum wage.
Re: [FairfieldLife] RE: The gnomes of Zurich are getting richer
You wonder what the board of directors are doing approving such pay? They certainly don't have the stockholders in mind. On 11/24/2013 04:20 PM, wgm4u wrote: That's a very interesting development, it brings in to question the whole free market system and whether or not pay restrictions have any effect at all on productivity. If so, then they're shooting themselves in the foot...kind of like, OBAMACARE! ;-) ---In FairfieldLife@yahoogroups.com, s3raphita@... wrote: From Telegraph: Early results suggest Swiss voters are saying no to a proposal to bring in a law that would limit executive pay to 12 times that of the lowest paid. There are many more votes still to count, but it is clear the initiative cannot pass now. The new rules would have given Switzerland the world's toughest pay rules and some of the lowest executive salaries - which business leaders said would limit foreign investment. It is the second time this year that Swiss voters have been balloted on the issue. In March they did back strict limits on bonuses and golden handshakes. There has been widespread public anger at revelations that some of Switzerland's chief executives are earning more than 200 times what their employees take home. Some Swiss have been further irritated that these high levels of pay are being given to executives whose firms have been cutting jobs. Although this proposal may have been defeated, the issue of high salaries and a widening wage gap has not gone away. Early next year, Switzerland will hold another referendum on a guaranteed minimum wage.
RE: Re: [FairfieldLife] RE: The gnomes of Zurich are getting richer
It does seem greedy to me! ---In FairfieldLife@yahoogroups.com, noozguru@... wrote: You wonder what the board of directors are doing approving such pay? They certainly don't have the stockholders in mind. On 11/24/2013 04:20 PM, wgm4u wrote: That's a very interesting development, it brings in to question the whole free market system and whether or not pay restrictions have any effect at all on productivity. If so, then they're shooting themselves in the foot...kind of like, OBAMACARE! ;-) ---In FairfieldLife@yahoogroups.com mailto:FairfieldLife@yahoogroups.com, s3raphita@... mailto:s3raphita@... wrote: From Telegraph: Early results suggest Swiss voters are saying no to a proposal to bring in a law that would limit executive pay to 12 times that of the lowest paid. There are many more votes still to count, but it is clear the initiative cannot pass now. The new rules would have given Switzerland the world's toughest pay rules and some of the lowest executive salaries - which business leaders said would limit foreign investment. It is the second time this year that Swiss voters have been balloted on the issue. In March they did back strict limits on bonuses and golden handshakes. There has been widespread public anger at revelations that some of Switzerland's chief executives are earning more than 200 times what their employees take home. Some Swiss have been further irritated that these high levels of pay are being given to executives whose firms have been cutting jobs. Although this proposal may have been defeated, the issue of high salaries and a widening wage gap has not gone away. Early next year, Switzerland will hold another referendum on a guaranteed minimum wage.
Re: [FairfieldLife] RE: The gnomes of Zurich are getting richer
I think the 'tude is I'm going to get mine while I can and screw the rest of you! On 11/24/2013 04:53 PM, wgm4u wrote: It does seem greedy to me! ---In FairfieldLife@yahoogroups.com, noozguru@... wrote: You wonder what the board of directors are doing approving such pay? They certainly don't have the stockholders in mind. On 11/24/2013 04:20 PM, wgm4u wrote: That's a very interesting development, it brings in to question the whole free market system and whether or not pay restrictions have any effect at all on productivity. If so, then they're shooting themselves in the foot...kind of like, OBAMACARE! ;-) ---In FairfieldLife@yahoogroups.com mailto:FairfieldLife@yahoogroups.com, s3raphita@... mailto:s3raphita@... wrote: From Telegraph: Early results suggest Swiss voters are saying no to a proposal to bring in a law that would limit executive pay to 12 times that of the lowest paid. There are many more votes still to count, but it is clear the initiative cannot pass now. The new rules would have given Switzerland the world's toughest pay rules and some of the lowest executive salaries - which business leaders said would limit foreign investment. It is the second time this year that Swiss voters have been balloted on the issue. In March they did back strict limits on bonuses and golden handshakes. There has been widespread public anger at revelations that some of Switzerland's chief executives are earning more than 200 times what their employees take home. Some Swiss have been further irritated that these high levels of pay are being given to executives whose firms have been cutting jobs. Although this proposal may have been defeated, the issue of high salaries and a widening wage gap has not gone away. Early next year, Switzerland will hold another referendum on a guaranteed minimum wage.
