Why the Swiss Scorn the Superrich
Abroad, Switzerland may be best known for its smart ski resorts and discreet banking services for the superrich, but the Swiss themselves are remarkably allergic to the trappings of conspicuous wealth.
It was not quite another Occupy moment perhaps, but in a referendum held in March of this year, the Swiss electorate voted by a two-thirds majority to ban bonuses and golden handshakes and force companies to consult shareholders on executives’ remuneration. It’s not easy for ballot initiatives like this to succeed in Switzerland: Of the 110 that have made it to a vote in the last 32 years, only 20 have passed.… Seguir leyendo »