Switzerland: executive remuneration survey published

Ethos, the Swiss Foundation for Sustainable Development, has published its 2009 survey of executive remuneration at the 49 largest Swiss listed companies: see here. The survey found:

In 2009, the aggregate remuneration of the members of the board of directors and of the executive management of the 49 companies included in Ethos' study increased by 21% to CHF 1.27 billion. While the increase was 73% in the financial sector, it was just 2% in the other sectors. On average, each member of the executive management received CHF 3 million in 2009. The Chairmen of the board were paid CHF 1.9 million on average while the other non executive directors CHF 300'000".