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The Boston Globe

World

Swiss look set to tighten corporate pay

BERLIN — Foreign executives who moved their company headquarters to Switzerland to get better tax deals for their firms may find themselves paying the price for it this weekend. Voters Sunday are expected to pass a referendum proposal to crack down on excessive corporate pay packages .

If the ‘‘Rip-off Initiative’’ succeeds, shareholders will be given the right to hold a binding vote on a company’s compensation of executives and directors. This includes both base salary and bonuses.

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