Shareholders to have say in exec pay. See "Swiss Voters Move to Restrict Pay of Executives", Raphael Minder, New York Times, 2013-03-04.
Hm! Arguments have been that the responsibility of corporate management is to give value to shareholders and all else is unnecessary, including shareholders having a competitive list of directors to choose from.
Then why do so many executives take value out of the company without shareholders' approval.
Will the Swiss vote be an exception to shareholder apathy or the start of an economic revolution?
