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 Union raps Swiss executive pay rises Top managers at large Swiss companies saw major pay rises in the past several years and continue to be overpaid relative to average workers, a union group charges. https://www.thelocal.ch/20150623/union-raps-swiss-executive-pay-rises Tue, 23 Jun 2015 12:17:10 +0200 union-raps-swiss-executive-pay-rises Swiss CEO-to-worker pay gap grows: union study The gap between the top wage earners and those at the bottom at Switzerland’s largest companies continues to grow, with Nestlé showing the worst example, according to a union study issued on Monday. https://www.thelocal.ch/20140623/ceo-to-worker-pay-gap-grows-study Mon, 23 Jun 2014 13:37:00 +0200 ceo-to-worker-pay-gap-grows-study Swiss massively reject bid to restrict top pay Swiss voters on Sunday massively rejected a proposal to cap executive pay at 12 times the wage of a firm's lowest earner, according to official referendum results. https://www.thelocal.ch/20131124/swiss-vote-on-whether-to-rein-in-executive-pay Sun, 24 Nov 2013 18:29:00 +0100 swiss-vote-on-whether-to-rein-in-executive-pay Voters to take on exec pay at the ballot box How much more should a company boss earn than the person who empties his wastebin? The issue is being hotly debated in Switzerland ahead of a popular vote seeking to dramatically rein in executive salaries. https://www.thelocal.ch/20131117/swiss-to-take-on-excessive-exec-pay-at-polls Sun, 17 Nov 2013 13:01:00 +0100 swiss-to-take-on-excessive-exec-pay-at-polls Majority now against exec pay limits: poll Swiss voters look set to reject a law to rein in executive pay in a looming referendum, with a poll released Wednesday showing only around a third back the plan. https://www.thelocal.ch/20131113/majority-now-against-exec-pay-restrictions-poll Wed, 13 Nov 2013 22:15:00 +0100 majority-now-against-exec-pay-restrictions-poll Swiss support rises for reduced executive pay Supporters of a drive to rein in executive pay in Switzerland stepped up their campaign on Thursday after polls put them neck and neck with opponents a month before a referendum. https://www.thelocal.ch/20131024/swiss-backing-rises-for-reduced-exec-pay Thu, 24 Oct 2013 21:04:00 +0200 swiss-backing-rises-for-reduced-exec-pay UBS shareholders approve executive pay Despite sharp criticism from a handful of UBS shareholders, a strong majority approved pay and bonuses for the executive of Switzerland’s largest bank at the company’s annual meeting in Zurich on Thursday. https://www.thelocal.ch/20130503/ubs-shareholders-approve-executive-pay Fri, 03 May 2013 10:33:00 +0200 ubs-shareholders-approve-executive-pay 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 massively back executive pay curbs Swiss voters overwhelmingly backed a package of measures that will sharply restrict executive pay and force business leaders to give up golden parachutes in a referendum on Sunday. https://www.thelocal.ch/20130303/swiss-vote-to-limit-executive-pay Sun, 03 Mar 2013 19:43:00 +0100 swiss-vote-to-limit-executive-pay 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