Description: Switzerland goes to vote on capping CEO pay to 12 times the pay received by the lowest paid employee in the company. The reasoning behind this referendum is to maintain some level of parity among the highest and the lowest earners in the country.

Source: CBC

Date: Nov. 21, 2013

Video Link:  http://www.cbc.ca/player/News/Business/ID/2419872290/

Questions for Discussion:

1. What are the benefits and drawbacks of capping CEO pay?
2. Can you see a similar vote occurring in North America? Why or Why not?
3. Why anchor CEO’s pay on the lowest paid employee? What is the basis of doing this?
4. Should the government be intervening on setting salaries for employees in private companies?