The former executive will receive a six-figure compensation package, comprising six months' salary, pension and "golden handshake".

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Just ask Marcus Brauchli, the Wall Street Journal editor whose sanctity was supposedly enshrined by an elaborate independence agreement between Rupert Murdoch and the Bancroft family, only to have Murdoch sack him, with a generous golden handshake, a few months after taking control.

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The plan, dubbed the "rip off" initiative by the country's media, bans so-called golden-handshake and golden-parachute severance agreements.

WSJ: Swiss Back Executive-Pay Controls