The Swiss probably rejected two popular initiatives that constituted the latest threat to the country’s business-friendly environment.
Voters dismissed a measure that would have reduced the pay of Swisscom AG’s chief executive officer by three quarters and also shot down a proposal to establish an universal basic income, according to projections broadcast on Swiss television SRF on Sunday. While surveys indicated the latter would fail, the outcome of the so-called Pro Service Public initiative aiming to improve public services had been considered too close to call. Official results are due later in the day.
Read the real interesting article done by Bloomberg, clicking HERE
INC News, 05/06/2016 - source: ©Bloomberg
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