Swiss CEO Urges Shareholders to Trim Fat Salaries

February 18, 2009

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(The New York Times)

Thomas Minder believes Swiss CEO salaries have spiraled out of control. He spearheaded an initiative in his native Switzerland to give shareholders greater control over executive compensation. He is not a labor activist or union leader, he is the CEO of a small Swiss cosmetics firm called Trybol. He wants shareholders of publicly traded companies to control—and cap, when necessary executive perks and packages.