Cooperatives and executive pay packages, part II

I raised the question in a blog last week (Nov 12) about what are appropriate levels of senior management pay in cooperative businesses.  Yes, it’s a controversial subject but one which I think needs to be discussed more widely.

You may have read that the Swiss are holding a referendum this Sunday to make it illegal for companies to have a pay differential greater than 1:12 between the lowest and highest paid employees.  We tend to think of Switzerland as a conservative country but in this instance – whatever the referendum result – the Swiss are certainly showing a preparedness to tackle the big issues.

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