The vote to wholeheartedly back proposals to impose tough limits on executive pay and ban huge pay-outs to new and departing managers has been both praised and damned in Europe. The initiative proposed by Thomas Minder, the head of a herbal toothpaste company, was backed by all 26 cantons in the country. The plan gives shareholders a veto on compensation as well as banning big so-called ‘fat cat’ managers’ pay-outs.
English: http://www.euronews.com/2013/03/04/swiss-anti-fat-cat-vote ...
For more information, please contact the editor Jan Cremers, Amsterdam Institute for Advanced Labour Studies (AIAS) cbn-aias@uva.nl or the communications officer at the ETUI, Mariya Nikolova mnikolova@etui.org. For previous issues of the Collective bargaining newsletter please visit http://www.etui.org/E-Newsletters/Collective-bargaining-newsletter. You may find further information on the ETUI at www.etui.org, and on the AIAS at www.uva-aias.net.