Swiss Pass CEO Pay Initiative

According to the BBC, 68% of Swiss voters have backed a “fat cat” referendum to impose strict controls on CEO pay. The new law gives shareholders a veto on CEO compensation and bans “golden handshakes,” i.e. big payouts for new and departing managers. DW reports the success of the Swiss initiative is leading German political […]

National Default - Are we the next Dubai!

Michael Collins Dubai was to be the next Switzerland, an enclave for anonymous banking, a play ground for the super rich, and the ultimate gated community for those with so much wealth, they felt an overriding need for protection. Well, that’s all over now.  Dubai declared a debt moratorium until May 10, 2010.  While this […]