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.