The Swiss Put the Clamp on Corporate Fat Cats

In its most recent election, Switzerland became a beacon for corporate and economic enlightenment. By a 2 to 1 margin, Swiss voters approved a Constitutional amendment that  seriously erodes the trend toward more corporate power.    The amendment restricts bloated payouts for arriving and departing corporate executives.  It includes prison penalties for corporate leaders who fail to follow the new rules. It gives corporate shareholders the right to veto excessive executive compensation packages.

Just a few weeks before the vote, the Swiss firm Novartis awarded its outgoing chairman a $78 million payoff, even as the firm was eliminating jobs.  An outraged Swiss public responded by its resounding support for the Constitutional measure that bans such unwarranted compensation. 

This noble action by the Swiss people is a reflection of the kind of response sorely needed in our United States. In the US, the equivalent response would be to rally behind Move to Amend, the political action group whose sole focus is on passing a Constitutional amendment that would nullify money being treated as speech and would declare that corporations are not people. Eliminating these two morally bankrupt legal constructs would take us a long way down the road the Swiss have already traveled.

It says a lot about our news, controlled as it is by large corporations, that this major step taken by Swiss voters has gone almost unreported in the American media.

Here is a link to Move to Amend...https://movetoamend.org/