November 25, 2013
Swiss Reject Proposed 1:12 Pay Ratio Law
– Broc Romanek, CompensationStandards.com
Yesterday, as noted in this NY Times article, 66% of Swiss voters Sunday opposed the 1:12 Initiative for Fair Pay. The Initiative was named for the organizers’ belief no one in a Swiss company should earn more in a month than someone else makes in a year. Switzerland’s system of democracy allows citizens to call nationwide votes on issues that concern them.
Meanwhile, this blog posits “How About Limiting CEO Pay To 100 Times The Minimum Wage?“…