Vas Narasimhan, the head of Novartis, could receive a salary of 19.2 million francs in 2024, which is causing outrage among politicians and associations in Switzerland. His salary is 190 times higher than the average wage of a worker in manufacturing. The company president believes the salary is at the edge of acceptability, but many think that boundary has long been crossed. The organization Actares suggests capping executive salaries at three million francs. Although fixed salaries for directors have been reduced, total compensation continues to rise.
Vas Narasimhan may earn 19.2 million francs; critics upset.
