Profit windfall for Sweden's top CEOs
The Local · 4 Jan 2005, 12:13
Published: 04 Jan 2005 12:13 GMT+01:00
Take-over bids in the real estate sector and Ericsson’s strong turnaround have led to rising shares and profit windfalls for the CEOs of these companies, reports SvD.
A successful bid for rival Fabege raised the value of CEO Erik Paulson’s stake in Wilhborg by more than 300 million crowns in just a few months. His stake is now worth 1.3 billion crowns after the share price rose more than 50 per cent this year.
Ericsson CEO Carl-Henric Svanberg has seen his original investment in the company of 100 million crowns grow more than three times as much - his holding, at 15.6 million shares, is currently worth roughly 340 million crowns.
TV 4 risks retaining state fee
From the look of it TV 4 may be forced to continue paying a state fee of roughly SKr 400 million following signs that competitors TV 3 and Kanal 5 are ready to take over the broadcasting licence and pay the necessary fee.
"The need to reduce TV 4’s licence fee has moderated in the wake of the developments last autumn. It is possible that there won’t be any large downsizing for TV 4," says Göran Magnusson, vice chair of the Standing Committee on Constitutional Affairs at the Riksdag.
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