Swiss boss Thomas Gerber
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'Exorbitant salary not for me'

Swiss voters are going to the polls to decide on strict new laws to limit executive pay to no more than 12 times the wage of the lowest-paid worker in the same company.

Swiss voters are going to the polls to decide on strict new laws to limit executive pay to no more than 12 times the wage of the lowest-paid worker in the same company.

The 1:12 initiative is backed by Switzerland Young Socialists, who gathered the necessary 100,000 signatures to call a referendum.

It is the second time this year the Swiss have voted on top salaries; in March they voted overwhelmingly to curb big bonuses, and to ban golden handshakes and goodbyes.

Imogen Foulkes reports.