Responsible investment

266, 229 and 116. In 2011, this was the wage gap that separated Joseph Jimenez (CEO Novartis), Paul Bulcke (Nestlé) and Brady Dougan (Credit Suisse) respectively from the lowest salary in their companies. These managers alone illustrate the scandal of abusive remuneration denounced by Swiss National Councillor Thomas Minder, father of the eponymous initiative in 2013. What impact has the debate on abusive remuneration had on shareholders? Do they now have a consultative vote on executive pay? What impact has the Minder initiative had on the debate? A look back at an ethical scandal that has shaken Swiss companies.

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