Swiss overwhelmingly vote for golden parachute ban
- Published: 3 Mar 2013 at 21.49
- Online news: World
A large majority of Swiss voted Sunday to rein in executive pay and force business leaders to give up golden parachutes, according to final results of the popular vote.
Swiss businessman and senator Thomas Minder smiles while waiting for the result on a nationwide vote on March 3, 2013 in Schaffhausen. A large majority of Swiss voted Sunday to rein in executive pay and force business leaders to give up golden parachutes, according to final results of the popular vote.
A full 67.9 percent of those who voted came out in favour of the initiative, which passed in every single one of Switzerland's 26 cantons, the federal chancellory said, adding that 46 percent of eligible voters had cast their ballots.
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