Executive Remuneration Switzerland 1973

Lukas Hengartner shows that both firm complexity and managerial power are associated with higher pay levels. This suggests that top managers are paid for the complexity of their job and that more powerful top managers receive pay in excess of the level that would be optimal for shareholders.

In Switzerland and Sub-Saharan Africa in the Cold War, 1967-1979, Sabina Widmer analyses Swiss foreign policy in Angola, Mozambique, Ethiopia, and Somalia in the late 1960s and 1970s, at the crossroads of the global East-West confrontation and decolonisation. Focusing on the independence wars in Angola and Mozambique, the Angolan War and the Ogaden War as well as regime changes that brought Soviet-allied governments to power, this book sheds new light on Switzerland’s role in the Third World during the Cold War. Based on extensive multi-archival research, it exposes the limits of neutrality in North-South relations, reveals the growing marge de manoeuvre of small states during Détente, and highlights the role of non-state actors in the making of foreign policy.

This book provides an insightful view of major issues in the economics of corporate governance (CG) and mergers. It presents a systematic update on the developments in the two fields during the last decade, as well as highlighting the neglected topics in CG research, such as the role of boards, CG and public interest and the relation of CG to mergers. Two important conclusions can be drawn from this book: the first is that corporate governance systems that better align shareholders and managers interests lead to better corporate performance; second, there is an important relationship between CG structures and the quality of firm decision-making, one of the most important being the decision to merge or take over another firm. Focusing on some of the often-neglected aspects of corporate governance such as non-profit organizations and public interest, as well as mergers and acquisitions from a CG perspective, this book will be a valuable resource for both academics and postgraduate students of finance, business and economics.