It can take a while to understand the real effects of such a major change, but in the last few days, we’ve learned a little about how the nation’s tax law is playing out.
The company and more than 38,000 unionized employers are still in wage negotiations.
Voters in Switzerland have approved a referendum to curb executive pay. The move comes less than a week after the European Union announced plans to cap banker bonuses.
Wall Street paid out an estimated $20 billion in bonuses last year, as trading profits surge. Still banks are warning of more layoffs.