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Anorak | One of these things is not like the other: The EU on bankers’ bonuses and the Swiss on corporate pay

One of these things is not like the other: The EU on bankers’ bonuses and the Swiss on corporate pay

by | 19th, March 2013

SADLY, all too many people seem to be thinking that these things are the same, or similar.

We’ve the EU trying to push through a limit on bankers’ bonuses. They can only get a bonus equal to 100% of their salary, or 200% if the shareholders agree. And then there’s the Swiss vote of yesterday about how fat cat corporate pay can be limited. The thing is, not only aren’t they roughly the same thing they’re actually opposites of each other :

Swiss vote to impose world’s strictest rules on executive pay after public outcry over fat cat bonuses

People in Switzerland have voted for strict controls on executive pay
68 per cent backed plans to veto pay-outs to bosses
Move sparked by anger over the big bonuses blamed for fuelling risky investments
It comes after the EU announced plan to cap bankers’ bonuses at a year’s pay

No, really, these two things

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Posted: 19th, March 2013 | In: Money Comment | Follow the Comments on our RSS feed: RSS 2.0 | TrackBack | Permalink