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Running shoe company On: After criticism of huge wages, bosses take a stand

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The five-member management of Swiss running shoe company On raised CHF83.6 million last year. This equates to 16.5 million francs per capita for the three founders around David Aleman (52), Caspar Coptetti (44) and Olivier Bernard (53) plus the two co-CEOs. This makes it one of the best earners in Switzerland.

Because, unlike their colleagues at UBS or Roche, they are only making losses with their company, the salary kings of the athletic shoe industry have been under fire for weeks. Many ask themselves: what is the justification for such huge salaries? Last year, On incurred a loss of CHF 170 million. The stock price doesn’t justify that either. Minus this year alone: ​​nearly 50 percent.

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