Swiss Voters Reject Attempt To Limit Executive Pay
DAVID GREENE, HOST:
NPR's business news starts with no salary cap for Swiss executives.
(SOUNDBITE OF MUSIC)
GREENE: A proposal in Switzerland to limit executive pay has been rejected by voters there. As we reported on the program last week, the initiative would have meant that an executive could never earn more money in a month than what the lowest-paid employee earns in a year.
That initiative failed; 65 percent of voters rejected it. But analysts point out that in a corporate-friendly nation like Switzerland, the fact that the vote was held at all is significant.
NPR transcripts are created on a rush deadline by a contractor for NPR, and accuracy and availability may vary. This text may not be in its final form and may be updated or revised in the future. Please be aware that the authoritative record of NPR's programming is the audio.