From
Think Progress: Voters in Switzerland overwhelmingly approved new measures to
clamp down on executive pay. Under the approved referendum — which means that
the new provisions will be added to the Swiss constitution — shareholders will
have the ability to veto executive pay packages, so-called "golden parachutes"
will be outlawed, and executives who defy the rules could see jail time.
In
a semi-related story, the New York Times
reports that Corporate Profits Have Risen Almost 20 Times Faster Than Workers' Incomes Since 2008.
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