Steep pay rises for Sweden's listed company bosses
15 Mar 2005, 18:52
Published: 15 Mar 2005 18:52 GMT+01:00
According to DN, Svanberg made 12.7 million kronor in wages last year plus a bonus of 9.6 million. The previous year, Svanberg took home a mere 8.8 million kronor in total.
Svanberg is not alone in the league of top earners. Leif Johansson, head of Volvo, made 15.8 million kronor, an increase of 16% on the previous year. SEB's managing director Lars H Thunell earned just over 9 million compared to 7.8 million the previous year, whilst another banker, Lars G Nordström, head of Nordea, was paid 9.3 million.
Poor old Tom McKillop, head of Astra Zeneca, suffered a drop in salary. News bureau TT reported that he only made 14 million kronor last year, compared to 18 million the year before.