In Switzerland a petition from 100,000 people, or about 1.25% of the population, creates a public referendum. By this means, last March, Swiss voters created strict limits on executive pay.
On November 24, the Swiss will vote on whether to take a further step — limiting executive pay to no more than 12 times the lowest salary in the company. Such a maximum wage policy allows the CEO pay increases, but only if workers get at least a twelfth as much.
A movement in the U.S. is asking: