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"The aim was to reduce the salary gap to a 1:12 ratio – in other words to limit the salaries of top executives based on the annual minimum wage of the lowest paid employee within the same company."

Can't you get around that by having a company owning smaller companies? Kind of like a corporate franchise.

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I'm sure smart people could've come up with hundreds of ways to get around this new law if it would've been accepted. It would've probably turned into a cat-and-mouse game where the lawmakers would have to keep catching up to new loop holes found by corporations. This is most likely the reason this initiative failed. Most of the people I talked to here in Switzerland that voted against it said they like the idea in theory but it would be pointless to commission the government with trying to limit salaries.

Or using outsource companies for lowest paid positions. Many companies outsource cleaning, security etc anyway.

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