London: 31 January 2013: Communicaid recently contributed to a very pertinent article in Reuters Magazine discussing the changing attitudes in Switzerland towards excessive executive salaries and transparency of the salaries of the country's top executives. The article highlights the case of an individual Swiss businessman who attacked his bank, UBS for its 'Americanization of corporate philosophy' back in 2008. He has since driven forward a campaign to control executive compensation which will now go to a national referendum on 3 March 2013.
Switzerland has always been known for its secret bank accounts, taxation laws that favour the rich and its very high standard of living. However, this campaign blames foreign influences for current extreme levels of executive pay as the highest-paid chief executives in Switzerland are all foreign. In the article, Communicaid brings in cultural values at play in Switzerland such as modesty, egalitarianism and discretion when considering very high salaries and advises executives from overseas to be discreet in exercising their authority.
To read the article in full, please click here.
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Communicaid is a culture and communication skills consultancy. We enable our clients to create profitable international relationships by building cultural bridges that enhance understanding and establish trust. Founded in 1992, our clients include many of the world's leading corporate, public and international institutions. With training centres in London, Paris, Brussels, Frankfurt and New York, combined with a worldwide network of trainers, consultants and partner organisations, we are uniquely placed to meet the global culture and communication skills needs of international organisations. For more information, please visit www.communicaid.com