Swiss voting no to capping bosses' pay at 12 times poorest paid

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http://www.bbc.co.uk/news/business-25076879


Campaigners wanted Swiss executive pay capped at 12 times that of the lowest paid - something business leaders say will damage foreign investment

Early results suggest Swiss voters are saying "no" to a proposal to bring in a law that would limit executive pay to 12 times that of the lowest paid.

Our correspondent in the country says the big business cantons, Zurich and St Gallen, are showing clear majorities against.

There are many more votes still to count, but it is clear the initiative cannot pass now.

The Young Socialists, who proposed it, have admitted defeat.

***SIGH

[Decaffeinated]

1. Shocking...

[moondust]

2. Too bad, but

the anticipated result. Still important to get the discussion out in the open where people can see there are real alternatives to the grotesque inequality imposed by corporatism and globalization.

K/R