Top Swiss Salaries Go Public

According to a new amended law, about 300 companies listed on the Swiss stock exchange will have to disclose the salaries of individual board members and advisory councils. As similiar laws have taken effect in the US and Britain, Swiss authorities decided to these same tactics in order to introduce improved corporate governance rules.

Here are some top salaries of chairmen in Switzerland:

• UBS - Marcel Ospel – SFr21,273,000.
• Novartis - Daniel Vasella – SFr20,786,300 (also CEO).
• Credit Suisse - Walter Kielholz – SFr12 million.
• Vontobel - Peter Wagner (2004) – SFr4,800,500.
• Schindler - Alfred Schindler – SFr4,599,400 (also CEO).
  (You'd think with a name like that he'd be owner too!)