On average,heads of large Swiss corporations have suffered a marked drop in salary. In 2017, the median wage of the heads of 20 main companies dropped by nearly 30%. According to the executive compensation report published by consulting firm PwC on Tuesday, or the median salary of the heads of 20 firms in the main SMI index fell from CHF7.7 million ($7.7 million) to CHF5.5 million. Half of the CEOs earn more than CHF5.5 million in median wages,the other half less. This means that the median remuneration of the heads of the 20 largest listed companies has fallen to the 2009 level. Medium-sized companies included in the SMIM index also saw their CEOs’ salaries topple by 7.6% to CHF3.3 million last year. However, the median wage is still around 54% higher than in 2009. For small listed companies (Smallcap), and on the other hand,the median wage rose by 3.5% to CHF1.4 million. This is nearly 13% more than in 2013. Swiss CEOs with lower wages A comparison with Germany showed that ...
Source: swissinfo.ch