Sanctum Zone

Keyword
A+ A A-
Welcome, Guest
Username: Password: Remember me
  • Page:
  • 1

TOPIC: The Swiss Referendum "against rip-off salaries"

The Swiss Referendum "against rip-off salaries" 13 May 2013 11:02 #1

  • wake_up_bomb
  • wake_up_bomb's Avatar
  • ZONED OUT
  • Gold Boarder
  • Rank5
  • Posts: 5063
  • Thank you received: 4418
  • Karma: 56
en.wikipedia.org/wiki/Swiss_executive_pay_referendum,_2013
The Swiss referendum "against rip-off salaries" of 2013 was a successful popular initiative in the Swiss Confederation to control executive pay of companies listed on the Swiss stock market, and to increase shareholders' say in corporate governance. It was one of three questions put to the electorate in the Swiss referendum, 2013. The vote took place on the 3 March 2013, and passed with a majority of 67.9%, with a 46% turnout. The initiative mandates the Federal Government to implement the provisions within one year, pending implementation of the final law.

Given the a number of corporate scandals, leading up to the global financial crisis beginning in 2007 a medium size businessman and politician called Thomas Minder launched a campaign "against rip-off salaries" (gegen die Abzockerei). On 26 February 2008 he had gathered 118,583 signatures to launch a referendum under the Swiss constitutional rules. Minder's concern focused on (1) the excesses of executive pay (2) the ability of banks, who in the Swiss (and German) system of shareholding hold all share certificates, to vote by proxy using shares owned by other people, and (3) the inability of pension beneficiaries and policyholders to determine their deposits were being used for voting.

Supporters of the initiative spent 200,000 Swiss franc, whilst opponents spent 8 million Swiss francs in their campaign to block the reform. The public campaign drew particular attention to the large payouts for executives of Novartis and major Swiss banks. On the 3rd of March, the referendum results showed that 67.9 per cent of voters supported the reforms.

The Swiss referendum had an immediate impact on other countries seeking its own reforms. It led to calls by the German Social Democratic Party to introduce similar reforms in Germany.
The true measure of a man is not his intelligence or how high he rises in this freak establishment. The true measure of a man is this: how quickly he can respond to the needs of others and how much of himself he can give - Philip K. Dick.
You must register to post here.

The Swiss Referendum "against rip-off salaries" 13 May 2013 11:09 #2

  • LightGiver
  • LightGiver's Avatar
  • ZONED OUT
  • Gold Boarder
  • Rank5
  • Posts: 4238
  • Thank you received: 396
  • Karma: 0


Crowley in The Golden Dawn. In 1898, Crowley was staying in Zermatt, Switzerland, where he met the chemist Julian L. Baker..

Lea (Leah) Hirsig (April 9, 1883 – February 22, 1975) was a Swiss-American notably associated with the author and occultist Aleister Crowley...


Switzerland is one of the richest countries in the world by per capita gross domestic product, and has the highest wealth per adult (financial and non-financial ...



Although average individual wealth in the country dropped by 13 per cent since last year, the Swiss remain the wealthiest people in the world, according to the annual Global Wealth Report from Credit Suisse...


en.wikipedia.org/wiki/Switzerland
en.wikipedia.org/wiki/Leah_Hirsig
www.swissinfo.ch/eng/swiss_news/Swiss_ar...ls.html?cid=33703974
The secret of the kingdom of God has been given to you.. But to those on the outside everything is said in parables so that, they may be ever seeing but never perceiving, and ever hearing but never understanding; otherwise they might turn and be forgiven!
You must register to post here.

The Swiss Referendum "against rip-off salaries" 13 May 2013 11:54 #3

  • andyh
  • andyh's Avatar
  • ZONED OUT
  • Platinum Boarder
  • Rank6
  • Posts: 10337
  • Thank you received: 3545
  • Karma: 62
I believe this is what you call real democracy.
No way in hell we would ever be allowed to have anything like this.
“Fascists are not human. A snake is more human.” - Hugo Chávez
You must register to post here.

The Swiss Referendum "against rip-off salaries" 13 May 2013 12:00 #4

  • novum
  • novum's Avatar
  • ZONED OUT
  • Gold Boarder 
  • Rank5
  • Posts: 4125
  • Thank you received: 2306
  • Karma: 0
LightGiver wrote:
For much of the 20th century, Switzerland was the wealthiest country in Europe by a considerable margin (by GDP – per capita).

In 2005 the median household income in Switzerland was an estimated 95,000 CHF, the equivalent of roughly 100,000 USD (as of December 2010) in nominal terms. Switzerland also has one of the world's largest account balances as a percentage of GDP.

The flag of Switzerland consists of a red flag with a white cross (a bold, equilateral cross) in the centre. It is one of only two square sovereign-state flags, the other being the flag of Vatican City.

Swiss citizens are prohibited from serving in foreign armies, with the exception of the Swiss Guards of the Vatican.

An unusual number of international institutions have their seats in Switzerland, in part because of its policy of neutrality.

Switzerland was not invaded during either of the world wars.
Y11
You must register to post here.
  • Page:
  • 1
Moderators: oioioi, psketti, batou
Time to create page: 0.120 seconds

Latest Members Blogs

  • 1
  • 2
  • 3
Prev Next

What is going on when it comes to 9-11 I…

The EPA (environmental protection agency) and OSHA took air samples in the days following September 11th, they reported that they found no excessive levels of asbestos contrary to other findings....

Read more

9-11 Eleven Years Later

9-11 Eleven Years Later

With the anniversary of September 11th literally just around the corner, unanswered questions still remain for families who lost loved ones during the tragic event, as well as from families...

Read more

Strange Noises, Possible Link to Mass An…

Strange Noises, Possible Link to Mass Animal Deaths

In 2008 the U.S. Supreme Court agreed to review a series of lower court rulings that restrict the United States Navy's use of sonar in submarine detection training exercises off...

Read more

Annual Server Target

Whether its 50 cents or five dollars, your donations are appreciated and help keep this community site running so we can all continue to enjoy using it.
This target is to meet our server cost for one year, June 2020 - May 2021, in USD.
$ 340 - Target
( £ 250 GBP )
donation thermometer
donation thermometer
$ 192 - Raised
( £ 140 GBP )
donation thermometer
56%
Most Recent Donation:
$122 USD on 4th Jan 2021
Bitcoin Address: bc1q0kazqya0nurfxtunxv807vm0m8852nnrrk8mj8
 
Ethereum Address: 0xe69915c80dd75df19f438d556267e04f932f057d
 
More Info: Donation options for TZ

No one is obliged to donate, please only donate what you can afford. Even the smallest amount helps. Being an active member is a positive contribution. Thank You.

TradeZone Latest

Visitors

Today4001
Yesterday3600
Week16497
Month41432
Total1139856

Your IP Address: 216.73.217.78 Your Browser and OS: Unknown - Unknown Thursday, 27 August 2026 13:03

Who Is Online

Guests : 1067 guests online Members : No members online
© 2012 – 2021 Sanctum Zone | All rights reserved. This website is a place for people to express and discuss their views on the news and world events. DISCLAIMER: Please Note: Views expressed and submitted by contributors are their own personal opinions and do not necessarily reflect the views, opinions and beliefs of the Sanctum Zone website and its founder(s) , administrators , moderators , and any other website maintenance technicians, personnel and volunteers. Articles and messages posted on this website and forum are solely the opinion of their authors.

Login or Register

LOG IN

Register

User Registration
or Cancel