|
Nestle warns of possible exit from Switzerland
The world's biggest food company Nestle could leave its homebase Switzerland if Bern imposes a cap on executives' salaries, the group's chairman said in remarks published on Sunday. "It would be the beginning of an end," Peter Brabeck told Swiss newspaper Sonntag, in reply to a question about calls for the federal government to impose salary ceilings.Asked what kind of consequences such a move might have on Nestle, a national corporate icon, Brabeck replied: "Then we must ask ourselves whether Switzerland is still the right location for us." Posted by: Fred 2009-09-16 |
| http://www.rantburg.com/poparticle.php?ID=279026 |