The Local Switzerland https://feeds.thelocal.com/ Read the latest news and views from Switzerland in English en-us news@thelocal.com (TheLocal) webmaster@thelocal.com (TheLocal) TheLocal RSS Feed Former Novartis chief Vasella heads to US The former chairman of Novartis, who faced a storm of protest over a 72-million-franc golden parachute, is leaving Switzerland, a Swiss newspaper says. https://www.thelocal.ch/20130310/former-novartis-chief-vasella-heads-to-us Sun, 10 Mar 2013 22:34:00 +0100 former-novartis-chief-vasella-heads-to-us Swiss poised to slash 'abusive' pay for execs If the polls are right, Switzerland is set on Sunday to enshrine what are touted as the toughest controls on pay for executives in the world. https://www.thelocal.ch/20130301/swiss-poised-to-cut-abusive-pay-for-execs Fri, 01 Mar 2013 09:51:00 +0100 swiss-poised-to-cut-abusive-pay-for-execs Novartis chief Vasella bows out with mea culpa The outgoing chairman of the Basel-based pharmaceuticals giant Novartis acknowledged Friday that he had made "mistakes" in connection with a scandal over a massive golden handshake he finally agreed to forego. https://www.thelocal.ch/20130222/novartis-chief-bows-out-with-mea-culpa Fri, 22 Feb 2013 17:08:00 +0100 novartis-chief-bows-out-with-mea-culpa Novartis chief Vasella gives up golden chute In the face of a lawsuit and widespread criticism, departing Novartis Chairman Daniel Vasella is giving up a 72-million-franc golden parachute. https://www.thelocal.ch/20130219/novartiss-vasella-gives-up-72-million-francs Tue, 19 Feb 2013 11:09:00 +0100 novartiss-vasella-gives-up-72-million-francs Novartis chairman’s golden payoff slammed A golden handshake extended to Daniel Vasella, the departing chairman of Basel-based pharmaceutical company Novartis, is striking a raw nerve in Swiss political and business circles. https://www.thelocal.ch/20130217/novartis-chairmans-golden-payoff-under-fire Sun, 17 Feb 2013 22:27:00 +0100 novartis-chairmans-golden-payoff-under-fire Majority back 'fat cat' pay curbs, poll results show A majority of Swiss back a proposal to curb abusive salaries for company directors, according to a new survey. https://www.thelocal.ch/20130114/majority-back-fat-cat-pay-curbs-poll Mon, 14 Jan 2013 10:29:00 +0100 majority-back-fat-cat-pay-curbs-poll Swiss mull slashing 'fat-cat' salaries Attention all high-flying executives in Switzerland: go ahead and splurge on diamonds, fine art and vintage champagne this holiday season because next year you may be tightening your belts. https://www.thelocal.ch/20121120/swiss-mull-slashing-fat-cat-pay Tue, 20 Nov 2012 19:35:00 +0100 swiss-mull-slashing-fat-cat-pay