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12:58 PM on 03/03/2013
Good for the Swiss. Too bad the US Congress will never have the balls to introduce such legislation.
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02:34 PM on 03/03/2013
It's not balls.......................They are bought and paid for................
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12:45 PM on 03/03/2013
This is going to spread across the globe.
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Stewart Goss
Collectivism leads to mass poverty
12:40 PM on 03/03/2013
It isn't the will of the people, it is the right of the shareholders.
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bobr3
Politics = Propaganda
01:53 PM on 03/03/2013
and why shouldn't it be? Shareholders NOT "the people" are spending THEIR hard earned money on the Companies. Rand's views or just as stupid now as they were 50 years ago.
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LindaWarnke
Come back so I can taunt you some more...
12:25 PM on 03/03/2013
Well, it is becoming a smaller world for the 1% these days. Higher taxes on the wealthy, salary caps...Where will they run to if this kind of thing keeps up?
I predict we will see more and more of this, because everyone knows where the money has gone. And unlike individual citizens who can only watch and gripe, national governments CAN claw back some of that cash.
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Konnie
PO'D PROGRESSIVE
12:01 PM on 03/03/2013
we here in third world 'merka will be the last ones to get the memo. after the whole country has devolved into one giant hooverville with rampant chaos, and there is no one left who can afford to buy anything and the economy shrivels to a joke on late night tv, then the money men will decide they may have overreached, but are still sinless.
11:50 AM on 03/03/2013
This is what we need, next, to do. Until CEO and their top company officers pay is drastically reduced, we are still in the financial crises. There is no reason stock holders should be used to so over pay these "people" who make up our new top caste in our society.
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Roman238
Telling the truth is a revolutionary act.
11:49 AM on 03/03/2013
Nice try, but it won't change anything. The game is rigged, and not in our favor. The fact that there are only seven comments on this issue proves that most people not only do not understand the implications of it, they don't care.
12:30 PM on 03/03/2013
That's because HP didn't put it on the front page for everyone to see. When people have known for years about CEO and Executive pay, they don't necessarily go to the business section to read about it again and again, but HP has a way of putting Bristol on the front page to tell us she was on dancing with the stars, how important is that?
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Roman238
Telling the truth is a revolutionary act.
01:35 PM on 03/03/2013
I don't disagree that the media has a lot to do with what we view as being important. That said, people would rather ignore things that will ultimately impact their lives, and fill their waking thoughts with fluff...entertainment. It's much easier than facing the sad truth.
03:54 PM on 03/03/2013
I actually ranted about it in the comments of another article about Switzerland on HP about it... and I do have to apologize, I expected it to be in the World section and not the business one.

Though yes, maybe it should have been on the front page.
01:44 PM on 03/03/2013
A primeval forest started with just one seed...

Don't allow the overwhelming size of the task you face freeze you into inaction.
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Roman238
Telling the truth is a revolutionary act.
01:56 PM on 03/03/2013
Well put. Guess I'm disillusioned of late.
Thanks.
11:42 AM on 03/03/2013
simpler act is to dismember the concept of the corporate person, a open invitation to sin, given human nature, that is, given an opportunity to enrich, many people will seize the opportunity.
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Laffincrow
11:40 AM on 03/03/2013
"We will respect the will of the people," said Pascal Gentinetta, chairman of the powerful business lobby group economiesuisse.

What a novel idea!
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blood1
11:18 AM on 03/03/2013
Why is it that the middle working class has a salary schedule that includes a salary cap and Corporate heads don't. Is the middle class worker's contribution less important than a CEO's?

Example: Healthcare worker - aka RN v. CEO of Healthcare....who contributes more to the community?
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Laffincrow
11:42 AM on 03/03/2013
That is a very valid question. I wonder that myself. If not for the RN, Rad Tech, Phlebotomist, Aid, Housekeeping, Office workers, etc, the CEO would not have a hospital to run! It is the people who hold the power. Perhaps we need to seize it?
11:52 AM on 03/03/2013
Top executives of health care companys make huge bucks. So do the ceo's of managed care and non profit health care hospitals. It should be a national scandal.
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Ty2010
12:17 PM on 03/03/2013
Not the healthcare companies themselves, the holding companies that own them and the insurers.
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CharliePalms
Don't Lean Left or Right--Just Move Forward
11:15 AM on 03/03/2013
This is a very common practice in our country and Europe. The Board of Directors and Executives grant themselves with huge salaries, bonuses, kick backs and high positions, contracts, tuition payments and freebies, to their family members. Any executive payments, stock options, salaries and bonuses shall be approved by all share holders. Also they must present the qualifications, payments, and electability of all board members to all share holders for approval.

Shady Deals must stop
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blood1
11:13 AM on 03/03/2013
The law in the EU is a smoke / mirror game. If there is no limit on the actual salary of the CEO - then those figureheads will get the Board to approve salary increases - which results in a larger bonus.

It is simple math: 10% of $100 is $10. 10% of $500 is $50. Corporations will continue to rig the game.

There is no rationale for these meritless salaries or bonus payments. Relying on stockholder's is equally bogus - ask who holds the majority # of voting shares, then everyone will see that the vote is pre-rigged.
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J T K
Quis custodiet ipsos custodes?
07:04 PM on 03/03/2013
It isn't the government or the public's business what a company pays its workers, including the CEOs (other than within relevant nondiscrimination and minimum wage laws). Shareholder approval will work because even though institutional investors generally own most of the shares, their influence is spread out more than the boards (which generally share members) making them harder to influence, and they have an interest in maximizing reinvestment, share price growth, and dividend payouts, all of which are hurt by high executive pay.
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the964kid
Friends don't let friends vote GOP
11:05 AM on 03/03/2013
We need this new law in America and the rest of Europe.
11:52 AM on 03/03/2013
The lobbyists are too strong. And the politicians know it and they get a lot of donations from these people as well.
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Ty2010
12:20 PM on 03/03/2013
It's more the result of the musical chairs going on, government > board > ceo > lobbyist > government or just about any other path you want to plot out.