How much do big Swedish companies' managers earn?

Monday, 19 March 2012
Earnings of head of Swedish Giant Corporation exposed in a different way by Swedish Dagens Dagens Nyheter.

Their earning are already published in their annual reports but people don’t usually read company’s annual reports. Therefore in the wake of report which show that Swedish big corporation don’t pay taxes or if they do their taxes are very small, more is being taken to look as to where their money goes to.

It looks like one of biggest leakages big companies have is to pay their top executes as their earning tend to be “too high” as shown below. This total represents a fixed salary, variable and other remuneration and net pension provisions.

Company	CEO	Earning in 2011 (Skr)	Earning 2010 (Skr)	Change (%)	Retirement age (years)
ABB	Joe Hogan	69 million	59 million	17 percent	not specified
Getinge	Johan Malmquist	38.5 million	38.0 million	+1.3 percent	60
Nordea	Christian Clause	28.5 million	15.9 million	+79 percent	60 years
Ericsson	Vestberg	26.2 million	26.2 million	0	60
Autoliv	Jan Carlsson	25.8 million	21.9 million	+18	Not Specific
Millicom	Mikael Grahne	25.8 million	24.8 million	4 percent	not specified
Electrolux	Keith McLoughlin	25.6 million	24.8 million	+3.2 percent	65
Industrivärden	Anders Nyren	23.1 million	19.6 million	+18 percent	60
Husqvarna	Magnus Yngen	22.5 million	15.6 million	+44 percent	Employment has ceased
TeliaSonera	Lars Nyberg	22.4 million	20.7 million	+8 percent	62
SKF	Tom Johnstone	21.6 million	20.9 million	+3.3 percent	60
SCA	Jan Johansson	20.8 million	15.5 million	+34.2 percent	60
SEB	Annika Falkengren	19.1 million	17.4 million	+9.8 percent	60
Astra Zeneca	David Brennan	33 million	Not yet* published
Scania	Leif Ostling	34.4 million	Not yet* published
* Details of their remuneration and allowances will only when their annual reports are published.
Source: Complied by Swedish daily Dagens Nyeheter

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