Switzerland faces challenges as families receive eviction notices amid rising real estate speculation, raising concerns about social stability. While the economy shows some resilience compared to the EU, major Swiss companies like Roche and Nestlé struggle with poor management decisions, impacting investor confidence. The promise of a prosperous decade seems overshadowed by the realities faced by many employees and smaller investors.
Nestlé has seen a dramatic decline in market value, losing nearly CHF 140 billion, as high price increases and a cost-of-living crisis have pressured consumers, particularly in emerging markets. The company has also lagged in the plant-based food sector, failing to capitalize on growing trends. With ongoing stock price drops and investor distrust in management, Chairman Paul Bulcke's position is increasingly precarious.
In 2023, CEO salaries in Switzerland increased by an average of 5%, reaching CHF 8 million ($9.2 million), according to a study by the Ethos Foundation. UBS CEO Sergio Ermotti topped the list with CHF 14.5 million, followed by Novartis and Nestlé executives. Despite rising remuneration, shareholder opposition to such increases is growing, with 17.7% rejecting top managers' pay demands in 2024.
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.
