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May 28, 2012
Bonuses
The following articles have been tagged with "Bonuses":
Problem of profiting ex-politicos not simply money, money, money
Analysis & Opinion: 18 May 12
Abba's famous refrain fails to capture the true cause for concern when Swedish politicians leave government to fatten their wallets in the private sector, argues commentator and historian David Linden.
READ »
'CEOs earn in a year what workers earn in a lifetime': union
Business & Money: 29 Feb 12
CEOs in Sweden earn on average in one year what manufacturing workers stand to earn in their entire lifetimes, according to a report from Sweden's main trade union group.
READ »
Care home staff weigh diapers to save money
National: 11 Nov 11
Employees at the scandal-stricken care provider Carema's nursing homes in Sweden are instructed to weigh pensioners' diapers to assess if they are full or could be used longer, according to staff.
READ »
'Secret' bonus scheme at nursing homes revealed
National: 6 Nov 11
Swedish health care provider Carema has received another blow as a "secret" bonus program for managers was revealed just days after staff told how high-savings initiatives have led to neglect of the elderly in their care.
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Nordea defends costly CEO flat purchase
Business & Money: 4 Nov 11
The board chair of Swedish bank Nordea has defended the bank's purchase a 22.5 million kronor ($3.4 million) flat in Stockholm for Danish CEO Christian Clausen by arguing that "people actually need to live".
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Borg: EU debt crisis not just a eurozone issue
Analysis & Opinion: 13 Oct 11
The current debt crisis is a concern for all of Europe, not just to eurozone countries, Swedish Finance Minister Anders Borg tells AFP's Nina Larsson, highlighting the vulnerability of banks and exports in Sweden as an example.
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Immigrant language-learning bonus flops
Education: 29 Aug 11
The government’s offer of performance-based bonuses to immigrants who learn the Swedish language in less than a year has failed to produce results, according to a new report.
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Saab bonuses upheld despite crisis
Business & Money: 27 Aug 11
Despite the ongoing crisis surrounding Saab no action will be taken over payouts and bonuses paid to shareholders, following a government audit.
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Saab bribes probe re-opened in South Africa
National: 31 Jul 11
Following Swedish defence group Saab's admission last month that it paid millions in bribes to secure an arms contract in South Africa, police in that country have re-opened a probe into the controversial deal.
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Summer staffing threatens patient safety
Science & Technology: 24 Jun 11
New statistics show that a serious shortage of healthcare substitutes during the summer months pose a significant threat to patient safety, according to Vårdförbundet, the Swedish Association of Health Professionals.
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BAE behind South Africa payments: Saab
Business & Money: 16 Jun 11
Swedish defense group Saab on Thursday said an internal probe has revealed that BAE Systems secretly paid millions to ensure South Africa purchased Swedish fighter jets.
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Saab denies wrongdoing in fighter jet deal
National: 21 May 11
Sweden's largest defense contractor Saab has said a probe looking into alleged secret payments to South Africa has turned up no evidence of wrongdoing.
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Parental leave equality '30 years away': study
Society: 15 Apr 11
Recent figures show that it will take more than three decades until parents in Sweden share their parental leave benefits equally.
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Swedish finance firms skirt bonus rules: report
Business & Money: 21 Feb 11
Roughly half of Sweden's financial firms have failed to abide by rules for handing out performance-based bonuses, a new report has shown.
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Bonuses to boost gender equity at Swedish unis
Education: 21 Jan 11
Swedish universities should be offered cash ‘equality bonuses’ for making significant strides toward increased gender equity, a government commission has proposed.
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Health system wait times improve in Sweden
Science & Technology: 20 Jan 11
While Sweden’s health system now delivers care to 90 percent of patients within prescribed time limits, social affairs minister Göran Hägglund believes too many Swedes are forced to wait too long for the care they need.
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Millions paid to Swedish lotto chief
Business & Money: 3 Jan 11
The boss of the Swedish Postcode Lottery earned nearly double the amount of his previously declared compensation, it was revealed on Monday.
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Swedish firm lets workers vote on bonuses
Business & Money: 17 Dec 10
A software firm in eastern Sweden has elected to take a democratic approach for distributing this year's 15 million kronor ($2.21 million) bonus among the company's employees.
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Swedish bosses slate bonuses
Business & Money: 12 Jul 10
Many Swedish company bosses complain that bonuses reward short-term gains rather than their firms’ long-term interests, according to a new survey.
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TeliaSonera approves government bonus ban
Politics: 8 Apr 10
Swedish-Finnish telecom firm TeliaSonera voted at its AGM on Wednesday to ban bonuses for senior staff after a proposal from the Swedish state's representative.
READ »
Controversial bonus windfall for Nordea heads
Business & Money: 24 Mar 10
Capital Markets, the investment banking arm of Nordic finance giant Nordea, has awarded record bonuses for 2009 to staff and senior managers despite criticism from its major shareholder the Swedish state.
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Nordea bank ignores Swedish bonus ban
Business & Money: 17 Feb 10
The board of Nordea has decided to act in open defiance of the Swedish government and is pressing ahead with a new bonus scheme.
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SEB slashes bonuses as profits fall
Business & Money: 10 Feb 10
Swedish bank SEB has reported an operating profit of 564 million kronor ($77 million) for the fourth quarter 2009, down on 2008 but better than expected. SEB announced a 2.2 billion kronor dividend, while staff bonuses will be cut.
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Swedbank to ditch bonuses for 2009
Business & Money: 27 Jan 10
Swedbank has decided to scrap its 2009 bonus payments, bowing to criticism that Swedish banks had not done enough to trim variable compensation despite lower earnings.
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Bonus-happy banks risk tougher rules: Borg
Business & Money: 13 Jan 10
Swedish banks could be hit with even tougher restrictions on bonuses if they don’t follow new rules presented by the country’s financial system watchdog, finance minister Anders Borg warned on Tuesday.
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Renewed criticism over Swedish bank bonuses
Business & Money: 11 Jan 10
Bonus payments increased at Sweden’s four largest banks last year, despite a sharp drop in the banks’ results, according to an ongoing review by the Swedish financial authorities
READ »
Gambling site to repay addict's lost millions
Business & Money: 28 Dec 09
In a surprising move, a gaming company has agreed to pay back some of the millions of kronor a company in Uppsala in eastern Sweden lost due to an employee’s gambling addiction.
READ »
Swedish banks' bonus bonanza continues
Business & Money: 29 Sep 09
The four main Swedish banks, some of which have requested bailout money from shareholders and the state, are expected to dish out a whopping 5.4 billion kronor ($769 million) in employee bonuses for 2009.
READ »
Reinfeldt to G20: 'Cap bank bonuses'
Politics: 18 Sep 09
Swedish Prime Minister Fredrik Reinfeldt succeeded on Thursday in convincing European leaders to agree to push for limits on bonuses for bankers at the upcoming G20 summit.
READ »
Reinfeldt calls for end to banks' bonus culture
Business & Money: 16 Sep 09
Swedish Prime Minister Fredrik Reinfeldt took aim at bonuses common at large banks when he opened the Swedish parliament on Tuesday, saying big bonuses "must come to an end".
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Sweden calls for EU unity to curb bank bonuses
Business & Money: 4 Sep 09
The Swedish government has called on EU leaders to agree to curb bankers' bonuses when they meet on September 17th ahead of G20 talks on the economic crisis.
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Reinfeldt calls September EU summit
Politics: 4 Sep 09
Sweden's prime minister Fredrik Reinfeldt has called a an extraordinary EU summit on September 17th to prepare for the upcoming G20 summit in Pittsburgh, the Swedish EU presidency announced in a statement on Friday.
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Bank bonus culture must end: Borg
Business & Money: 2 Sep 09
Finance Minister, Anders Borg, will tell EU finance ministers today that the culture of high bonuses that exists in the banking sector must end.
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Sweden mulls EU summit to discuss crisis
Politics: 26 Aug 09
The Swedish EU presidency is considering calling an extraordinary EU summit in September to find common ground ahead of a G20 meeting about the global economic crisis in Pittsburgh.
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Anders Borg: Sweden's long-haired maverick minister
Analysis & Opinion: 22 Jul 09
With Anders Borg, Sweden’s pony-tailed Minister of Finance, now helping the EU navigate through the global economic slump, the AFP’s Marc Preel takes a look back at the rise of this self-described pragmatist.
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Business leaders urge cut in Sweden's capital gains tax
Business & Money: 24 Jun 09
Sweden needs to cut its capital gains tax in order to maintain its competitiveness, according to a new report from an influential business group.
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Test sites named for Swedish language-learning bonus
Society: 11 Jun 09
Thirteen Swedish municipalities have been chosen to participate in the first phase of a plan to reward newly arrived immigrants who perform well in state-funded language classes.
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Appeals court clears ex-Skandia director
Business & Money: 1 Jun 09
The Svea Court of Appeal has acquitted Ulf Spång, the former director of Swedish insurance firm Skandia, of charges of tax evasion.
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Language-learning bonus 'unfair' to struggling immigrants
Society: 13 May 09
A proposal to offer performance-related bonuses to immigrants who complete state-funded language courses within one year has raised concerns from both students and teachers.
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Swedes back bonuses: study
Business & Money: 3 Apr 09
Despite intense media focus on the issue of executive bonuses, Swedes are resoundingly in favour of performance-related pay, a new survey shows.
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AMF Pension ex-CEO makes pensions agreement public
Business & Money: 2 Apr 09
AMF Pension embattled former CEO Christer Elmehagen has reached an agreement with the firm's chairperson Göran Tunhammar to make public part of his controversial pension agreement.
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Sweden extends bank rescue plan
Business & Money: 2 Apr 09
Sweden's government announced on Thursday a six month extension to the 1.5 trillion kronor ($183.8 billion) bank rescue plan that was announced in October.
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Swedish banks pay out billions in bonuses
Business & Money: 1 Apr 09
Sweden's main banks, some of which have requested state assistance to help cover substantial losses, have rewarded employees for their performance in 2008 with a total of 5.7 billion kronor ($690 million) in bonuses.
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Pressure mounts on union head to quit
Politics: 25 Mar 09
The head of the third largest district of Sweden’s Trade Union Confederation (LO), is calling for the organization’s national leader, Wanja Lundby-Wedin, to step down.
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Union leader in hot seat over AMF Pension row
Business & Money: 24 Mar 09
The head of Sweden’s main trade union group is facing a storm of media criticism following revelations that she approved a lavish pension package for former AMF Pension CEO Christer Elmehagen.
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'No bonuses at state-owned companies'
Business & Money: 24 Mar 09
The Swedish government has said it wants to end bonuses and variable compensation for executives at state-owned companies.
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Bullet sent to Sweden's finance minister
National: 20 Mar 09
A letter with a .22-calibre bullet arrived at the offices of Swedish Finance Minister Anders Borg on Thursday courtesy of a leftist extremist group angered by bonuses paid to executives at state-owned companies.
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Borg forecasts 'crisis into 2010'
Politics: 14 Mar 09
Sweden's finance minister Anders Borg said on Saturday that he expects the current financial crisis to continue well into 2010 with 'aftershocks' expected in 2011 and 2012.
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SEB executives forego pay rises after media storm
National: 14 Mar 09
Swedish bank SEB CEO Annika Falkengren on Saturday apologized to the bank's customers and employees after the outcry that followed a decision to hike executive pay.
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Reinfeldt calls SEB pay raises 'indulgent'
Politics: 12 Mar 09
Swedish Prime Minister Fredrik Reinfeldt has joined Social Democratic leader Mona Sahlin in lashing out against the SEB banking group over a decision to hike executive pay.
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Volvo Cars freezes salaries to avoid redundancies
Business & Money: 12 Mar 09
Swedish car maker Volvo Cars announced on Thursday a freeze on salaries of all employees and slash executive pay in an attempt to avoid further redundancies.
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Borg blasts state bonus hikes
Politics: 5 Mar 09
Finance Minister Anders Borg on Thursday admonished the boards of Sweden’s state-owned companies for "grave infractions" in awarding executive bonuses.
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Volvo drops bid to boost executive pay
Business & Money: 4 Mar 09
Sweden’s Volvo Group said it was scrapping a proposal to raise executive bonuses on the same day its truck making subsidiary announced it was halting production at one of its plants.
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Volvo pay raise 'insulting': Reinfeldt
Business & Money: 2 Mar 09
Volvo Group’s plan to raise the salaries of 250 top executives is “insulting” according to Prime Minister Fredrik Reinfeldt.
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Volvo Group to boost executive pay despite losses
Business & Money: 27 Feb 09
Sweden’s Volvo Group announced on Thursday it had approved pay raises for 250 high-ranking executives this year, despite heavy fourth quarter losses at the world’s second largest truck maker.
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EU signs off on Sweden's banking rescue package
Politics: 11 Feb 09
Sweden’s plan to stimulate lending by offering the country's banks up to 50 billion kronor ($6.0 billion) gained approval from the European Commission on Wednesday.
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Electrolux profits down on fourth quarter losses
Business & Money: 4 Feb 09
Appliance maker Electrolux on Wednesday reported net fourth quarter losses of 474 million kronor ($57 million) due to weak demand and downsizing costs.
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Sweden offers banks billions more in aid
Politics: 3 Feb 09
The Swedish government announced a new rescue package for the banking sector on Tuesday worth up to 50 billion kronor ($6 billion).
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Skiing on a shoestring in Åre
Travel: 22 Jan 09
With money troubles weighing heavier on Sweden than a fresh fall of snow, Jennifer Heape headed to the Åre ski resort to check out a more frugal alternative to the typical foreign alpine getaway.
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'Do more to encourage talented students': Moderates
Education: 19 Nov 08
Schools need to do a better job of encouraging and taking responsibility for talented students, according to Moderate Party working group.
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Borg rips Swedish banks over bonuses
Business & Money: 31 Oct 08
Sweden’s finance minister Anders Borg lashed out at the country’s major banks and financial institutions on Friday for their hesitation to participate in the government’s financial sector support programme.
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Sweden details credit crisis measures
Politics: 20 Oct 08
The government on Monday presented a 1.5 trillion kronor ($206.1 billion) plan to aid Sweden's financial sector as it struggles to weather the global credit crunch.
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Borg: US financial institutions 'reckless'
Politics: 30 Sep 08
Anders Borg, Sweden’s Minister of Finance, has slammed US financial institutions for their culture of “greed” and their role in precipitating the current financial crisis.
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Sweden: a nation of dog lovers
Lifestyle: 15 Apr 08
Life is pretty rosy when viewed through the eyes of a dog fortunate enough to grow up in Sweden, writes René Rice.
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Swedish CEOs see sharp rise in earnings
Business & Money: 28 Mar 08
The wages of managing directors in Sweden's top stock exchange listed companies continued to rise sharply last year with many firms posting record profits.
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Court clears Skandia bosses
Business & Money: 7 Mar 08
The District Court has cleared former Skandia directors Lars-Eric Petersson and Ulf Spång from charges of tax evasion.
READ »
Government accused of rushing controversial proposals
National: 13 Feb 08
Agencies affected by new proposals are rarely given the full 90 days to comment.
READ »
Skandia bosses risk prison
Business & Money: 14 Jan 08
Lars-Eric Petersson and Ulf Spång, two former executives of insurance company Skandia, face possible prison terms as a result of alleged tax crimes.
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Ex-Skandia boss ruling appealed
Business & Money: 2 Jan 08
The prosecutor wants the Supreme Court to review the acquittal of former Skandia head Lars-Eric Petersson.
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Ex-Skandia boss cleared
Business & Money: 19 Dec 07
Lars-Eric Petersson has been cleared of charges surrounding his handling of very high bonuses paid out by the company.
READ »
Carnegie cuts ties with government
Politics: 3 Oct 07
Carnegie Investment Bank has announced that it will relinquish its position as financial advisor to the state. Secretary of State Urban Funered has also announced his resignation.
READ »
FI slams Carnegie
Business & Money: 28 Sep 07
Carnegie Investment Bank, one of Sweden's oldest and most respected investment banks, has been fined 50 million kronor by authorities and ordered to replace its CEO, chairman and many members of its board.
READ »
Carnegie staff allowed to keep bonuses
Business & Money: 23 Aug 07
An extraordinary general meeting of Swedish investment bank Carnegie has allowed staff to keep their bonuses for 2007, after objections by a number of shareholders were rejected.
READ »
Office workers keen to change jobs
Business & Money: 31 Jul 07
One in three white collar workers would like to settle into a new workplace with the next twelve months, according to a new survey.
READ »
Sweden's CEOs see wages swell
Business & Money: 7 Jun 07
Sweden's top bosses saw their pay packets swell by 13 percent last year, while other wage earners had average increases of just 3 percent.
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Swedish finance workers eye massive bonuses
National: 14 Jan 07
Times are good in the Swedish finance sector, thanks to a surging stock market and numerous major deals over the last twelve months. This spring, bonuses worth 2.5 billion kronor will be dished out.
READ »
Ex-Skandia boss spared 300 million bill
Business & Money: 15 Dec 06
The former CEO of Swedish insurance company Skandia, Lars-Eric Petersson, has been told he does not have to pay 300 million kronor in damages to his old company.
READ »
Swedish bosses' salaries soar
Business & Money: 5 Dec 06
The managing directors of big Swedish companies such as Scania and Ericsson have received a 20 percent average wage increase in the last year, according to a new report.
READ »
Olofsson: let state companies decide CEO bonuses
Business & Money: 27 Oct 06
Industry minister Maud Olofsson has said she wants to scrap the ban introduced two years ago on state-owned companies paying bonuses to CEOs.
READ »
Nordic boards give chairmen salary boost
Business & Money: 10 Jul 06
The heads of some of the Nordic countries' biggest companies had a nice salary bump last year. Some 12 percent of board heads make at least 1 million kronor a year.
READ »
Skandia prosecutor demands long jail sentence
Business & Money: 4 Apr 06
During his concluding pleadings in the trial of former Skandia chief Lars-Eric Petersson, prosecutor Christer van der Kwast demanded a prison sentence "at the high end of the punishment scale" as well as a business ban.
READ »
Bonuses rocket at Vattenfall
Business & Money: 27 Mar 06
Tough cut backs have contributed to a sharp increase in bonuses at Vattenfall's German subsidiary. Since 2003, two directors have shared 18m kronor in bonuses. During the same period, 2,200 staff have lost their jobs.
READ »
Former Skandia chairman grilled in court
Business & Money: 7 Mar 06
After turning up late to court, witness and former chairman Lars Ramqvist faced some tough questioning about the company's bonus programmes as the trial of the former managing director, Lars-Eric Petersson, continued on Tuesday.
READ »
Senior Skandia man faces bribe charges
Business & Money: 18 Oct 05
A senior executive at Swedish insurer Skandia has been charged with breach of trust and bribery over allegations that company money was used to renovate executives' apartments.
READ »
Skandia reports profits boost
Business & Money: 31 May 05
Swedish insurer Skandia, which is being stalked as takeover prey by foreign competitors, reports improved earnings for the first quarter, underlining its status as a juicy bid target.
READ »
Swedish MPs "forgot to report sick days"
Politics: 2 Dec 04
Sweden's legislators have been found not to be practising what they legislate. Despite tighter rules on sick leave, it turns out that many MPs have been forgetting to report their days off in bed.
READ »
51% don't trust life insurance companies
Smörgåsbord: 4 Oct 04
READ »
Meet Sanna, 9 years old
Sanna is one of 2 million people in Sweden under the age of 18. Sweden is seen as a good place to grow up. The law makes sure children are well-protected and defends their rights and any organizations work with children's well-being. Read more »
Strindberg, king of drama
August Strindberg's plays shocked society, dazzled audiences and revolutionized drama. A century after his death, Strindberg, with his powerful, timeless themes, is celebrated around the world. Read more »
Prime Minister Reinfeldt chats with The Local »
"If you missed it yesterday, here’s The Local’s editor David Landes snagging Prime Minister Reinfeldt for a chat before Princess Estelle’s baptism. Always nice to know the PM has time for TL!" READ »
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