Saturday, November 23, 2013

The Swiss Culture And CEO Compensation

This article describes the elements of the Swiss culture which puts moral pressure on CEO's to be more egalitarian.  When the Novartis CEO demanded a $78 million severance package, which would not upset many in the US, the people reacted.  He gave up his demand for the severance package and retired to a more sympathetic environment in the US, where it is a badge of honor among CEO's to be the highest paid among their peers. 

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