Roberto Savio the Italian Economist , journalist and international communications consultant, founder of the IPS News Service has published an article on the service titled ‘Switzerland Sets Example for Income Equality’. Savio states “For those who think that Occupy Wall Street, the Indignados in Spain, the World Social Forum and the numerous manifestations of protest worldwide are expressions without concrete outcomes, the result of the Swiss referendum on Mar. 3 on capping the salaries and bonuses of banks executives should make them think twice. Like it or not, two-thirds of the Swiss, who are not exactly a revolutionary people, have given the shareholders of financial institutions the right to decide salaries and bonuses of their executives. Another referendum — on limiting the salaries and bonuses of company executives from all sectors to a figure that does not exceed 15 times that of the average salary of their employees — is due shortly. At the same time the European Commission and the European Parliament have reached an agreement on capping bank executives’ bonuses at an amount equal to their annual salary. If the shareholders decide, it can be twice their annual salary, but no more. …people are getting fed up, as the Swiss referendum has clearly shown. Everywhere discontent is seeping into the polls, with protest parties flourishing everywhere. We are in transition to a different system. This can be done through peaceful and cooperative means, or by a continuation of this growing social injustice. History has many lessons on this issue, and it is useless to recall them. We all read them at school, even the 100 billionaires. So, as the Swiss referendum shows, it is not awareness that is lacking: it is political will.”  Inspired by Roberto Savio, IPS News Service ow.ly/jBfFB Image source Gc-Council ow.ly/jBfEv Switzerland sets example for income equality (April 29 2013)

 

Roberto Savio the Italian Economist , journalist and international communications consultant, founder of the IPS News Service has published an article on the service titled ‘Switzerland Sets Example for Income Equality’. Savio states “For those who think that Occupy Wall Street, the Indignados in Spain, the World Social Forum and the numerous manifestations of protest worldwide are expressions without concrete outcomes, the result of the Swiss referendum on Mar. 3 on capping the salaries and bonuses of banks executives should make them think twice. Like it or not, two-thirds of the Swiss, who are not exactly a revolutionary people, have given the shareholders of financial institutions the right to decide salaries and bonuses of their executives. Another referendum — on limiting the salaries and bonuses of company executives from all sectors to a figure that does not exceed 15 times that of the average salary of their employees — is due shortly. At the same time the European Commission and the European Parliament have reached an agreement on capping bank executives’ bonuses at an amount equal to their annual salary. If the shareholders decide, it can be twice their annual salary, but no more. …people are getting fed up, as the Swiss referendum has clearly shown. Everywhere discontent is seeping into the polls, with protest parties flourishing everywhere. We are in transition to a different system. This can be done through peaceful and cooperative means, or by a continuation of this growing social injustice. History has many lessons on this issue, and it is useless to recall them. We all read them at school, even the 100 billionaires. So, as the Swiss referendum shows, it is not awareness that is lacking: it is political will.”

 

Inspired by Roberto Savio, IPS News Service ow.ly/jBfFB Image source Gc-Council ow.ly/jBfEv