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February 14, 2012
Golden handshake for sacked pharmacy chief
Published: 10 Feb 10 15:32 CET | Double click on a word to get a translation
Online: http://www.thelocal.se/24906/20100210/
Stefan Carlsson, CEO of Sweden's state-run Apoteket pharmacy chain, is to receive a 5.4 million kronor ($740,000) severance payment after being asked to leave his post in August of this year.
- Competition stiff for Sweden's new pharmacies: report (8 Jul 11)
- Swedish pharmacy jabs 12 with same needle (12 May 11)
- Sweden launches first medicine vending machine (9 Apr 11)
"I accept that it is time for somebody else to take over," said Carlsson in a statement, adding that he had enjoyed the eleven "fantastic years" spent at the helm of an organization that until recent months had no high street competitors.
Apoteket chairman Christian W Jansson told news agency TT that Carlsson had been asked to leave and was thereby entitled to a redundancy package.
According to Apotoket's most recently published annual report from 2008, Carlsson would receive the eqivalent of two years' salary if pushed out by the board.
Calculated on the basis of his 2008 salary of more than 2.7 million kronor, Carlsson's total severance pay is set to come in at just over 5.4 million kronor.
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Swedish word of the day
fin
adjective
Fin means anyhting from sweet to proper. When someone says, Du är så fin it's quite a compliment.
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It's because they are bosses. If you don't know this yet you surely will.