Exactly. I have quite a few clients where management and executive shareholding staff actually work for a different company than the rest of the company.
Typically, this is called something like CompanyName Management Ltd. which sources all its products from CompanyName Ltd. The management company owns the other company, but they are two separate legal structures.
I think this is a good point. But the proper response in such cases, it seems to me, is to try to close the loopholes, rather than give up on the experiment.
Or the talented executives will just leave the country and go where they can earn more.
The whack-a-mole game is undoubtedly true. About the most talented execs leaving, this may be true, and it is certainly what well-compensated execs will argue.
Also possible is that it will be primarily the most self-serving execs, rather than the most talented, that will leave. It would be a delightful irony if Swiss companies began performing better after an exodus of executives. And we should remember that there is no limit on executive pay, specifically.
Oximoron at its best. But don't worry about those talented executives, you probably will find ten or more when they leave the country. Switzerland wouldn't have any problem attracting talented workers.
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What's the chance this will be quickly be skirted by corporate restructuring/outsourcing? Just put all the execs in a parent company.
Exactly. I have quite a few clients where management and executive shareholding staff actually work for a different company than the rest of the company.
Typically, this is called something like CompanyName Management Ltd. which sources all its products from CompanyName Ltd. The management company owns the other company, but they are two separate legal structures.
I think this is a good point. But the proper response in such cases, it seems to me, is to try to close the loopholes, rather than give up on the experiment.
It will be like playing whack-a-mole. Or the talented executives will just leave the country and go where they can earn more.
Or the talented executives will just leave the country and go where they can earn more.
The whack-a-mole game is undoubtedly true. About the most talented execs leaving, this may be true, and it is certainly what well-compensated execs will argue.
Also possible is that it will be primarily the most self-serving execs, rather than the most talented, that will leave. It would be a delightful irony if Swiss companies began performing better after an exodus of executives. And we should remember that there is no limit on executive pay, specifically.
"talented executives"
Oximoron at its best. But don't worry about those talented executives, you probably will find ten or more when they leave the country. Switzerland wouldn't have any problem attracting talented workers.