Editions:  Austria · Denmark · France · Germany · Italy · Norway · Spain · Sweden · Switzerland

Steep pay rises for Sweden's listed company bosses

Share this article

18:52 CET+01:00
Sweden's top bosses have been awarded fat pay rises on the back of last year's successes. Ericsson's Carl-Henric Svanberg alone received 22.3 million kronor.

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.

Sources: Dagens Nyheter, Svenska Dagbladet, TT

Get notified about breaking news on The Local

Share this article

From our sponsors

The ‘fairytale' boarding school nestled in a Swedish village

The words ‘boarding' and ‘school' often summon images of strict teachers, drab dormitories and downcast children. That image couldn't be further from reality at Sigtunaskolan Humanistiska Läroverket (SSHL), where boarders describe the ‘fairytale' school as a home away from home.