Top managers and executives have felt the pinch of the economic crisis on their pay packages, which tumbled by around one quarter from 2007 to 2008, a study says.
Debate has been raging in Switzerland about executive salaries, which despite the drop remain high. Nevertheless, the survey rejected caps on compensation packages as counterproductive.
The third survey of Executive Compensation and Corporate Governance by consultants PricewaterhouseCoopers of Switzerland was based on figures from 2008 and released in Zurich on Wednesday. More...
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