Stupid Socialists.
Via BBC:
The measures, if approved, would limit the salaries of top managers to no more than 12 times the wage of the lowest-paid worker in the same company.
The 1:12 initiative is backed by Switzerland Young Socialists, who gathered the necessary 100,000 signatures to call a referendum.
It is the second time this year the Swiss have voted on top salaries: in March they voted overwhelmingly to curb big bonuses, and to ban golden handshakes and goodbyes.
Both votes reflect growing anger in Switzerland at revelations that some of the country’s chief executives are earning more than 200 times what their employees take home.
It emerged earlier this year that Swiss banking giant UBS had awarded $2.6m (£1.6m) in bonuses – the figure matched exactly the bank’s losses over 2012.
“In the last couple of years these managers were really earning a lot – too much,” says Corinne Fankhauser, of the Young Socialists.
“For example, the chief executive of Credit Suisse, he was earning at one point 820 times what his [lowest-paid] employees were earning. So it’s kind of crazy these wages. We want to stop this.”