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The CEO Swedish engineering group, AB Volvo, Olof Persson received a total of Skr13.2 million in salary last year. This shows that the new CEO is there for the money and he has not squinted at any Öre.
Telia Sonera's former CEO, Lars Nyberg, was paid more than Skr22.5 million in salary and pension provision in 2012, the company's annual report, released today for the Annual General Meeting on 3 April show.
Workers drafted from Cameroon to do hard job in Swedish forest planting trees have been found to be exploited by their employers. This was reported a few months ago and it was greed that they will receive their pay. But for the second time within the space of 12 months the plight of the workers just got worse as their pay is reduced by Skr10000 or €1209.
SEB chief, Annika Falkengren, can look back on a good year, both for her Bank and for her personal finance. Her annual salary was increased by a Skr1 million to Skr8 million, which represents a premium of 14 percent, according to the annual report.
The Swedish government has been criticised by the country's National Audit office for lack of an overview of the work against corruption.
Cash management company, Loomis is strengthening its service offering in the United Kingdom through a partnership agreement with NCR, whereby NCR will take over ATM technical service operations.
Last fall, 400 consultants provide Volvo Cars Torslanda factory various services. But there are fears that as the company tries to cuts back in operations, more of these consultants will be expected to leave.
H&M is proud to announce it has signed a long-term partnership with the international tennis star Tomas Berdych. Currently ranked 6th in the world, Czech-born Berdych will be an ambassador for H&M both on-court and off, and will work closely with the H&M design team on a unique tennis collection which will debut in stores later on.
The heat and political in - fighting within the top management region of Volvocars Corporation was exhibited recently when the former CEO, Stefan Jacoby was fired while lying sick in the hospital.
With the aim of strengthening the Group´s competitiveness, the steel service company BE Group will initiate negotiations on personnel reductions within the Group's operations in Sweden and Finland.
Two employees of TeliaSonera have been suspended from their position suspected of crimes related to the investigation into bribery and corruption in Uzbekistan.
To drive more business between Sweden and China, the Port of Gothenburg is launching a website in Chinese.
How Swedish companies are missing on lucrative international businesses due to weak and exaggerated risks analysis
Wednesday, 28 November 2012
Swedish companies dealing with international business are loosing businesses because they lack knowledge and strategy to get payments from those countries. This is because due to poor exposure, they tend to exaggerate risks associated with companies operating in certain countries such as China and Nigeria.
Although Europe is considered an old tiring power with persistent impossibility for the unanimous member of the EU to agree on how to fix the Euro-wide economy, some leaders on the individual countries have stood out as top class economic technocrats. German and Swedish are classed as top.
The numbers of Swedish bank offices or bank branches have declined steadily over the past four years. The greatest reductions in such offices spaces or branches have been led by Swedbank, which has again closed every four of its offices.
Volvo Trucks is cutting down its agency workers with 260 in its Tuve plant in Gothenburg and 90 at the cab factory in Umeå.
Stefan Jacoby, the former CEO of Volvocars who has left his post due to illness in reported to be compensated big.
The Swedish corporate scene continues to be tough as new figures from organisation, Creditsafe, for October show that the number of corporate bankruptcies here continues to increase. However, the increase is not as dramatic as in September.
Despite growing allegations of corruption carried out by the Swedish / Finnish state owned telecom giant, TeliaSonera, the company is not blacklisted by either banks or mutual fund companies.
A conflict at the top level of Volvo Cars corporation is reported to be raging and it may infects the business and threatens to damage the company's business, according to sources close to Volvo car corporation, report various Swedish media sources quoting Reuters news agency.
There is a looming conflict at the Swedish ports following disagreement between the employers and the ports worker's union, Transport, they failed to agree on a contract. The consequences may eventually become serious.
IT consultancy Logica is reported to be laying off between 350 and 400 people in Sweden according to media reports.
Volvo Cars CEO, Stefan Jacoby has suffered a stroke. Now, car manufacturers have to do without its CEO for a longer period
The popular internet explorer, IE has been found to possess vulnerabilities in its operating system that is welcoming to hackers, the Swedish authorities warned. This comes after Microsoft admits bug that leaves 'hundreds of millions' of Internet Explorer browser users vulnerable to hackers.
Peter Agnefjäll was appointed Deputy CEO of the IKEA Group and is expected that within a year, he will become CEO, announces Ikea.
Ingvar Kamprad, the founder of Ikea has finally reached the end of the road of his role in the company and has now passed the baton to his sons. Therefore, according to Swedish media reports, generational change has finally happened in Ikea.
More than one in four Danes work from home at least once a month. This is the highest level in five years, according to Statistics Authority, Statistics Denmark.
As the Swedish unemployment continues to rise and the government, lacking how to deal with it has started encouraging unemployed to start their own businesses irrespective of if they have the skills or if the environment is right.
One of the greatest successes of Swedish competitiveness is its ability to organise some of the best childcare systems, to be seen anywhere in the world. The Swedish model seems attractive across the ocean, on the other side.
Modern technology, which means that, more Swedish companies are moving their customer service and call centres to countries considered to have favourable regulations and taxes has made more Swedes working abroad for Swedish companies serving Swedish clients.
Non Swedish - looking people in Sweden really have a hard time getting a career and even a jobs from a typical Swedish company. Could the Swedish companies discriminating on the foreign born loosing something?
A 37-year-old Swedes, formerly employed by the Royal bank of Scotland was terminated from his duties in Stockholm, Sweden but he felt that it was a wrongful termination. Therefore, he sued the bank for wrongful termination. However, it looks like things are not as clear as they seem to be.
Swedish banks hit by internet virus as persistent attacks on Swedish company sites continues.
The Norwegian Football Federation announced on Wednesday that a player is arrested and being investigated for suspicion of involvement in gambling scandal in Norway.
Two Swedish banks, SEB and Swedbank are facing trouble with the authorities as they are being investigated for competition issues.
Traditionally internet surfing during working hours or what is referred here as private browsing is discouraged. But that looks like it might soon change if the finding result from a recent study is considered credible.
We have heard often - those of us who attended business school that good customer service is the key to growing and improving business and its brand. Some small businesses try to give in all they have along this lines but once they have grown big, arrogance comes in. But the case of Telenor is not that it grew from a small business to a big one seen today
The founder of Ikea Ingvar Kamprad has donated Skr75 million to a retirement home in Swiss Epalinges, where he has resided since 1976
Big and leading Norwegian companies such as the Oslo Stock Exchange, Schibsted, DNB, PST, and the Norwegian Bettingas as well as and online newspapers have been attacked by hackers.
A very ‘untouchable’ Swedish business man, Percy Barnevik, is reported to have been arrested in London, on Thursday on suspicion of sexual offenses. He said that it is a "crazy woman" who pursues him. "You should know that there is no basis what so ever. It's just fake, "he told the Swedish tabloid news paper, Expressen.
The top officials of the Swedish Economic Crimes Authority went on a field trip to Miami Beach in the USA with a price tag of about Skr50,000 per person. They who are supposed to be holding others accountable got away with squandering state funds.
When westerners cry that most of their jobs have been outsources to China and China on the other side boast that it is recording 8 to 10 percent economic growth, and also Western firms report huge corporate profits, all that comes down to the slavish ways the Chinese workers are put through.
Swedish companies are reported to have taken advantage of the vulnerability in the African country, Democratic Republic of Congo (DRC) and to exploit the vulnerable people there including children.
Many Swedish companies have been associated with a critical report in which workers' rights and working conditions in low wage countries have been identified.
For long now, Norway had been the real egalitarian society where more women have been organically climbing the management ladder than anywhere else in the western world.
Swedish companies continue to roll out bonus program which on the first look at things it is great for it would spur economic vitality and productivity. But there is a problem the bonus programs are increasingly aimed only at managers and top executives.
After 15 years, global sales manager Stefan Larsson leaves H & M. and goes to competitor Gap brand Old Navy.
Danish tennis star, Caroline Wozniacki has signed a sponsorship agreement with the Danish underwear brand JBS, which among others during the fall 2012 will launch her own underwear collection.
Identify theft in Sweden expanded by 42 percent, described as having by far the biggest increase is in Stockholm.
Maybe they have had it much better today than their greying seniors, which is why Sweden has not done to assist the Swedish youth into proper carrier path as could have been expected according to rhetoric.
A major observation which is likely not new but growing is that which companies are buying the “like” on facebook. Is this a sustainable approach to build audience and promote a business?
Spotify founder wealth growth in the UK show how starting a business in Sweden is hard Wednesday, 02 May 2012
If Spotify founder is among the UK's richest, does it mean that starting a business is hard? Well, Daniel Ek, founder of the music streaming service Spotify, made it onto the Sunday Times' annual list of the UK's richest people.
The Swedish state development agency, Swedfund has invested tens of millions in a company that will produce ethanol in Sierra Leone, but the local people are reported to have been affected by water shortages and hunger when the company took over their land. Now the poor inhabitants are seeking help from Sweden.
Norwegian Oil fund manager, also know as Norwegian wealth fund manager, Yngve Slyngstad has seen his salary increased by over 65 percent in two years. Neither Norges Bank nor those in the central bank and the Fund resources management will explain why such an astronomical rise has taken place.
Swedish companies are increasingly turning to the bond market for financing as access to bank credit has tightened since the autumn in the wake of the euro-zone debt crisis and tough new financial regulation, Danish bank Danske Bank A/S (DANSKE.KO) said Friday.
ABB appoints Prith Banerjee to Executive Committee as Chief Technology Officer
Thursday, 05 April 2012
ABB Ltd (ABBN.VX) Thursday said it appointed Prith Banerjee as Chief Technology Officer.
How they are all in it together - Sandvik President and Chairman pay themselves huge salaries
Tuesday, 03 April 2012
The CEO of Swedish engineering group Sandvik, Olof Faxander as well as his board chairman, who approve salaries have received huge pay.
Women in Sweden, who are not born in Sweden, described here in Sweden as women born abroad are very tough. More of them have chosen to become entrepreneurs in an environment where they have limited opportunities.
Following the stance taken by the Swedish government and the its opposition relating to laws governing Sweden's smaller business, curious Swedish snoopers decided to look at what similar business life was like in other countries. Conclusively without doubt it turns out that when compared to the rest of the world, Sweden is not very good for business.
Has SEB lost the plot by coming the smallest of the Swedish top banks in terms of market capitalisation? Is it down to strategy missed of just bad luck even though their CEO, Annika Falkengren is one of the best paid in the industry in the region?
Margot Wallström is reported to succeed Allan Larsson as Chairman of the Board of Lund University in a new high profile job for the Swedish heavyweight.
Victor Muller believes that a Saab sale can still be realized. He is also open for a job in his old company according to an interview with Swedish newspaper Svenska Dagbladet.
ICA Group's outgoing CEO Kenneth Bengtsson, who is also chairman of the Confederation of Swedish Enterprise, was last year paid total compensation of Skr30 million, compared with Skr14 million the year before.
The average manager in Sweden earn Skr38 000 a month and most will earned that in the financial industry in Stockholm, while the lowest wages paid managers are in the public sector and on the island of Gotland, recent data from statistics from Ledarna, a Swedish Organization for Managers show.
Earnings of head of Swedish Giant Corporation exposed in a different way by Swedish daily, Dagens Nyheter as questions about corporation tax payments in Sweden rage on.
It was the dream for many so called education entrepreneurs to start their own school and cash easily from the government based on the amount of students they have.
Finland’s national air carrier Finnair announced Monday that it plans to sell its catering operations to in-flight services provider LSG Sky Chef, a subsidiary of the German airline company Lufthansa.
It has become more common in Sweden that company’s top management have become intrusive into the personal lives of those they want to employ. This is something illegal but with the job market here almost collapsing, employers can break the law and still sue the employee on top of it.
The CEO of SCA, Jan Johansson had a good return on his bonus even last year. The variable payment landed at about Skr 5.4 million and together with his salary, he gets Skr14.4 million, according to the company's annual report.
The airline Finnair paid almost € 2.8 million (nearly Skr25 million) in extra bonuses to its executives that they would remain in the company's service for the period 2009 and 2011.
Swedish owner of the Ikea chain of furniture shops, Ingvar Kamprad is the richest man in Europe, and the fourth richest in the world, according to a new ranking.
Volvo CEO's there for the money as a multi-million salary package is unveiled for him
Wednesday, 13 March 2013The CEO Swedish engineering group, AB Volvo, Olof Persson received a total of Skr13.2 million in salary last year. This shows that the new CEO is there for the money and he has not squinted at any Öre.
Former Telia CEO received over Skr20 million in pas as he left the company after scandal
Wednesday, 13 March 2013Telia Sonera's former CEO, Lars Nyberg, was paid more than Skr22.5 million in salary and pension provision in 2012, the company's annual report, released today for the Annual General Meeting on 3 April show.
The face of ethical Swedish companies: Guest workers from Cameroon exploited in Sweden by "ethical" companies
Wednesday, 13 March 2013Workers drafted from Cameroon to do hard job in Swedish forest planting trees have been found to be exploited by their employers. This was reported a few months ago and it was greed that they will receive their pay. But for the second time within the space of 12 months the plight of the workers just got worse as their pay is reduced by Skr10000 or €1209.
SEB chief rewarded with an extra one million
Friday, 01 March 2013SEB chief, Annika Falkengren, can look back on a good year, both for her Bank and for her personal finance. Her annual salary was increased by a Skr1 million to Skr8 million, which represents a premium of 14 percent, according to the annual report.
Swedish government's efforts against corruption criticized
Thursday, 21 February 2013The Swedish government has been criticised by the country's National Audit office for lack of an overview of the work against corruption.
Loomis to work with NCR in a strategic partnership
Wednesday, 13 February 2013Cash management company, Loomis is strengthening its service offering in the United Kingdom through a partnership agreement with NCR, whereby NCR will take over ATM technical service operations.
Cutback in Volvo car corp., means more consultants to leave
Friday, 25 January 2013Last fall, 400 consultants provide Volvo Cars Torslanda factory various services. But there are fears that as the company tries to cuts back in operations, more of these consultants will be expected to leave.
H&M signs long-term partnership with international tennis star Tomas Berdych
Tuesday, 15 January 2013H&M is proud to announce it has signed a long-term partnership with the international tennis star Tomas Berdych. Currently ranked 6th in the world, Czech-born Berdych will be an ambassador for H&M both on-court and off, and will work closely with the H&M design team on a unique tennis collection which will debut in stores later on.
Former Volvocar CEO, Stefan Jacoby was fired while on his hospital bed without explanation.
Friday, 11 January 2013The heat and political in - fighting within the top management region of Volvocars Corporation was exhibited recently when the former CEO, Stefan Jacoby was fired while lying sick in the hospital.
BE Group initiates negotiations on personnel reductions to strengthen competitiveness
Tuesday, 08 January 2013With the aim of strengthening the Group´s competitiveness, the steel service company BE Group will initiate negotiations on personnel reductions within the Group's operations in Sweden and Finland.
Top Managers at TELIA knocked off accused of bribery
Wednesday, 12 December 2012Two employees of TeliaSonera have been suspended from their position suspected of crimes related to the investigation into bribery and corruption in Uzbekistan.
Gothenburg Port launches website in Chinese
Friday, 07 December 2012To drive more business between Sweden and China, the Port of Gothenburg is launching a website in Chinese.
How Swedish companies are missing on lucrative international businesses due to weak and exaggerated risks analysis
Wednesday, 28 November 2012Swedish companies dealing with international business are loosing businesses because they lack knowledge and strategy to get payments from those countries. This is because due to poor exposure, they tend to exaggerate risks associated with companies operating in certain countries such as China and Nigeria.
Who are the leading European financial politicians? Anders Borg Beaten by German on top spot
Thursday, 22 November 2012Although Europe is considered an old tiring power with persistent impossibility for the unanimous member of the EU to agree on how to fix the Euro-wide economy, some leaders on the individual countries have stood out as top class economic technocrats. German and Swedish are classed as top.
How the Swedish banks are loosing branch offices around the country
Monday, 12 November 2012The numbers of Swedish bank offices or bank branches have declined steadily over the past four years. The greatest reductions in such offices spaces or branches have been led by Swedbank, which has again closed every four of its offices.
Volvo shed jobs in Gothenburg and Umeå
Tuesday, 06 November 2012Volvo Trucks is cutting down its agency workers with 260 in its Tuve plant in Gothenburg and 90 at the cab factory in Umeå.
Volvo's sick and retired CEO, Jacobi received a big pay
Monday, 05 November 2012Stefan Jacoby, the former CEO of Volvocars who has left his post due to illness in reported to be compensated big.
Swedish corporate bankruptcies continue to increase
Friday, 02 November 2012The Swedish corporate scene continues to be tough as new figures from organisation, Creditsafe, for October show that the number of corporate bankruptcies here continues to increase. However, the increase is not as dramatic as in September.
Despite recent scandals - TeliaSonera is not blacklisted
Friday, 26 October 2012Despite growing allegations of corruption carried out by the Swedish / Finnish state owned telecom giant, TeliaSonera, the company is not blacklisted by either banks or mutual fund companies.
Conflict reported in Volvo Car Corp.'s top management
Tuesday, 02 October 2012A conflict at the top level of Volvo Cars corporation is reported to be raging and it may infects the business and threatens to damage the company's business, according to sources close to Volvo car corporation, report various Swedish media sources quoting Reuters news agency.
Swedish ports in conflict mode as protest and strikes to disrupt activities
Thursday, 27 September 2012There is a looming conflict at the Swedish ports following disagreement between the employers and the ports worker's union, Transport, they failed to agree on a contract. The consequences may eventually become serious.
IT consultancy Logica in Sweden lay off 400 workers
Tuesday, 25 September 2012IT consultancy Logica is reported to be laying off between 350 and 400 people in Sweden according to media reports.
Volvo car CEO, Stefan Jacoby hit by stroke
Sunday, 23 September 2012Volvo Cars CEO, Stefan Jacoby has suffered a stroke. Now, car manufacturers have to do without its CEO for a longer period
Swedish authorities warn about security hole in Microsoft Internet Explorer
Wednesday, 19 September 2012The popular internet explorer, IE has been found to possess vulnerabilities in its operating system that is welcoming to hackers, the Swedish authorities warned. This comes after Microsoft admits bug that leaves 'hundreds of millions' of Internet Explorer browser users vulnerable to hackers.
Ikea appoints new CEO
Monday, 17 September 2012Peter Agnefjäll was appointed Deputy CEO of the IKEA Group and is expected that within a year, he will become CEO, announces Ikea.
Ikea founder, Kamprad passes the empire operational command baton to sons
17 September 2012Ingvar Kamprad, the founder of Ikea has finally reached the end of the road of his role in the company and has now passed the baton to his sons. Therefore, according to Swedish media reports, generational change has finally happened in Ikea.
Record number of Danes working from home
Sunday, 16 September 2012More than one in four Danes work from home at least once a month. This is the highest level in five years, according to Statistics Authority, Statistics Denmark.
Are many Swedes tricked into becoming entrepreneurs when they lack the skills and drive?
Thursday, 13 September 2012As the Swedish unemployment continues to rise and the government, lacking how to deal with it has started encouraging unemployed to start their own businesses irrespective of if they have the skills or if the environment is right.
Swedish approach in childcare to be exported to the U.S.?
Thursday, 13 September 2012One of the greatest successes of Swedish competitiveness is its ability to organise some of the best childcare systems, to be seen anywhere in the world. The Swedish model seems attractive across the ocean, on the other side.
How the Swedes are required more to work abroad
Wednesday, 12 September 2012Modern technology, which means that, more Swedish companies are moving their customer service and call centres to countries considered to have favourable regulations and taxes has made more Swedes working abroad for Swedish companies serving Swedish clients.
The benefits of Swedish companies employing foreign born people
Tuesday, 04 September 2012Non Swedish - looking people in Sweden really have a hard time getting a career and even a jobs from a typical Swedish company. Could the Swedish companies discriminating on the foreign born loosing something?
A Swedish official at the Royal bank of Scotland sued the bank for wrongful termination - but that may turn to hurt him
Thursday, 26 July 2012
A 37-year-old Swedes, formerly employed by the Royal bank of Scotland was terminated from his duties in Stockholm, Sweden but he felt that it was a wrongful termination. Therefore, he sued the bank for wrongful termination. However, it looks like things are not as clear as they seem to be.
Virus attack against Swedish bank customers
Wednesday, 18 July 2012Swedish banks hit by internet virus as persistent attacks on Swedish company sites continues.
Norwegian player arrested on gambling scandal as bribery in football persists
Thursday, 12 July 2012The Norwegian Football Federation announced on Wednesday that a player is arrested and being investigated for suspicion of involvement in gambling scandal in Norway.
Two Swedish banking giants SEB and Swedbank investigated for the infringement of competition
Thursday, 12 July 2012Two Swedish banks, SEB and Swedbank are facing trouble with the authorities as they are being investigated for competition issues.
Personal internet browsing could be encouraged in Swedish work places
Tuesday, 10 July 2012Traditionally internet surfing during working hours or what is referred here as private browsing is discouraged. But that looks like it might soon change if the finding result from a recent study is considered credible.
Impressive customer service exhibited by Telenor - a case study for business management - when customer told to burn in hell
Tuesday, 10 July 2012We have heard often - those of us who attended business school that good customer service is the key to growing and improving business and its brand. Some small businesses try to give in all they have along this lines but once they have grown big, arrogance comes in. But the case of Telenor is not that it grew from a small business to a big one seen today
Kamprad donates one million to a old people's home
Monday, 09 July 2012The founder of Ikea Ingvar Kamprad has donated Skr75 million to a retirement home in Swiss Epalinges, where he has resided since 1976
Massive computer attacks against several Norwegian companies
Monday, 02 July 2012Big and leading Norwegian companies such as the Oslo Stock Exchange, Schibsted, DNB, PST, and the Norwegian Bettingas as well as and online newspapers have been attacked by hackers.
A Swedish leading hard hitter businessman, Percy Barnevik arrested in London for sex offence
Friday, 29 June 2012A very ‘untouchable’ Swedish business man, Percy Barnevik, is reported to have been arrested in London, on Thursday on suspicion of sexual offenses. He said that it is a "crazy woman" who pursues him. "You should know that there is no basis what so ever. It's just fake, "he told the Swedish tabloid news paper, Expressen.
Accountability, hypocrisy or just arrogance? How the Swedish Economic Crime Authority got away with luxury trip to the U.S.
Wednesday, 27 June 2012The top officials of the Swedish Economic Crimes Authority went on a field trip to Miami Beach in the USA with a price tag of about Skr50,000 per person. They who are supposed to be holding others accountable got away with squandering state funds.
Finnish organisation, Finn Watch follows SwedWatch to decry the inhuman working conditions in Chinese factories
Wednesday, 27 June 2012When westerners cry that most of their jobs have been outsources to China and China on the other side boast that it is recording 8 to 10 percent economic growth, and also Western firms report huge corporate profits, all that comes down to the slavish ways the Chinese workers are put through.
Swedish accompanies accused of violating rights in the Congo
Tuesday, 26 June 2012Swedish companies are reported to have taken advantage of the vulnerability in the African country, Democratic Republic of Congo (DRC) and to exploit the vulnerable people there including children.
Large Swedish companies come under intense criticism about their operations in low wage countries
Tuesday, 26 June 2012Many Swedish companies have been associated with a critical report in which workers' rights and working conditions in low wage countries have been identified.
More Swedish women succeeding in breaking the glass ceiling in top management positions
Monday, 18 June 2012For long now, Norway had been the real egalitarian society where more women have been organically climbing the management ladder than anywhere else in the western world.
Bonus is great to spur improved productivity but it should not be for all workers- only for chief executives
Thursday, 14 June 2012Swedish companies continue to roll out bonus program which on the first look at things it is great for it would spur economic vitality and productivity. But there is a problem the bonus programs are increasingly aimed only at managers and top executives.
An H&M insider, closest to Persson leaves the clothing giant to American competitor
Monday, 11 June 2012After 15 years, global sales manager Stefan Larsson leaves H & M. and goes to competitor Gap brand Old Navy.
Danish tennis star, Wozniacki to launch a underwear line
Tuesday, 05 June 2012Danish tennis star, Caroline Wozniacki has signed a sponsorship agreement with the Danish underwear brand JBS, which among others during the fall 2012 will launch her own underwear collection.
Dramatic growth in identity theft in Sweden
Friday, 01 June 2012Identify theft in Sweden expanded by 42 percent, described as having by far the biggest increase is in Stockholm.
More evidence of youth neglect in Sweden as work place injuries increased last year
Tuesday, 29 May 2012Maybe they have had it much better today than their greying seniors, which is why Sweden has not done to assist the Swedish youth into proper carrier path as could have been expected according to rhetoric.
How swedish companies are buying facebook " Like" which has made "like" to become a strong commodity in management
Thursday, 10 May 2012A major observation which is likely not new but growing is that which companies are buying the “like” on facebook. Is this a sustainable approach to build audience and promote a business?
Spotify founder wealth growth in the UK show how starting a business in Sweden is hard Wednesday, 02 May 2012
If Spotify founder is among the UK's richest, does it mean that starting a business is hard? Well, Daniel Ek, founder of the music streaming service Spotify, made it onto the Sunday Times' annual list of the UK's richest people.
Swedish investments in Africa criticised accused of aiding land grabbing
Wednesday, 02 May 2012The Swedish state development agency, Swedfund has invested tens of millions in a company that will produce ethanol in Sierra Leone, but the local people are reported to have been affected by water shortages and hunger when the company took over their land. Now the poor inhabitants are seeking help from Sweden.
Norwegian oil fund manager Yngve Slyngstad’s salary has increased by over 65 percent. Why? No one can explain why!
Saturday, 21 April 2012Norwegian Oil fund manager, also know as Norwegian wealth fund manager, Yngve Slyngstad has seen his salary increased by over 65 percent in two years. Neither Norges Bank nor those in the central bank and the Fund resources management will explain why such an astronomical rise has taken place.
Swedish Corporate Bond Market Grows As Bank Credit Tightens
Friday, 13 April 2012Swedish companies are increasingly turning to the bond market for financing as access to bank credit has tightened since the autumn in the wake of the euro-zone debt crisis and tough new financial regulation, Danish bank Danske Bank A/S (DANSKE.KO) said Friday.
ABB appoints Prith Banerjee to Executive Committee as Chief Technology Officer
Thursday, 05 April 2012
ABB Ltd (ABBN.VX) Thursday said it appointed Prith Banerjee as Chief Technology Officer.
How they are all in it together - Sandvik President and Chairman pay themselves huge salaries
Tuesday, 03 April 2012
The CEO of Swedish engineering group Sandvik, Olof Faxander as well as his board chairman, who approve salaries have received huge pay.
The resilience of women in turbulent time and in hard places – Example of how Swedish women with foreign background are fighting a tough Swedish business environment
Monday, 02 April 2012Women in Sweden, who are not born in Sweden, described here in Sweden as women born abroad are very tough. More of them have chosen to become entrepreneurs in an environment where they have limited opportunities.
Sweden at the bottom of the entrepreneurship despite the high rhetoric
Sunday, 01 April 2012Following the stance taken by the Swedish government and the its opposition relating to laws governing Sweden's smaller business, curious Swedish snoopers decided to look at what similar business life was like in other countries. Conclusively without doubt it turns out that when compared to the rest of the world, Sweden is not very good for business.
The feeling of lost strategy - how SEB became the smallest of the big banks in Sweden.
Thursday, 29 March 2012Has SEB lost the plot by coming the smallest of the Swedish top banks in terms of market capitalisation? Is it down to strategy missed of just bad luck even though their CEO, Annika Falkengren is one of the best paid in the industry in the region?
Margot Wallström Joins University of Lund in a new high-profile job
Thursday, 22 March 2012Margot Wallström is reported to succeed Allan Larsson as Chairman of the Board of Lund University in a new high profile job for the Swedish heavyweight.
Victor Muller, would accept a jobs in Saab
Wednesday, 21 March 2012Victor Muller believes that a Saab sale can still be realized. He is also open for a job in his old company according to an interview with Swedish newspaper Svenska Dagbladet.
ICA’s former CEO may be paid Skr14 million in final salary
Tuesday, 20 March 2012ICA Group's outgoing CEO Kenneth Bengtsson, who is also chairman of the Confederation of Swedish Enterprise, was last year paid total compensation of Skr30 million, compared with Skr14 million the year before.
The salaries of Swedish managers come under the microscope - how much do Swedish bosses earn?
Tuesday, 20 March 2012The average manager in Sweden earn Skr38 000 a month and most will earned that in the financial industry in Stockholm, while the lowest wages paid managers are in the public sector and on the island of Gotland, recent data from statistics from Ledarna, a Swedish Organization for Managers show.
How much do big Swedish companies' managers earn?
Monday, 19 March 2012Earnings of head of Swedish Giant Corporation exposed in a different way by Swedish daily, Dagens Nyheter as questions about corporation tax payments in Sweden rage on.
Weakening interest to start lay private schools in Sweden
Tuesday, 13 March 2012It was the dream for many so called education entrepreneurs to start their own school and cash easily from the government based on the amount of students they have.
Finnair to sell off catering operations
Monday, 12 March 2012Finland’s national air carrier Finnair announced Monday that it plans to sell its catering operations to in-flight services provider LSG Sky Chef, a subsidiary of the German airline company Lufthansa.
Desperate and creepy Swedish top management increasingly snooping into employees’ personal data - something illegal
Saturday, 10 March 2012It has become more common in Sweden that company’s top management have become intrusive into the personal lives of those they want to employ. This is something illegal but with the job market here almost collapsing, employers can break the law and still sue the employee on top of it.
SCA CEO received Skr14.4 million
Thursday, 08 March 2012The CEO of SCA, Jan Johansson had a good return on his bonus even last year. The variable payment landed at about Skr 5.4 million and together with his salary, he gets Skr14.4 million, according to the company's annual report.
Bonuses for Finnair's Management
Wednesday, 07 March 2012The airline Finnair paid almost € 2.8 million (nearly Skr25 million) in extra bonuses to its executives that they would remain in the company's service for the period 2009 and 2011.
Ingvar Kamprad fourth richest in the world
Tuesday, 06 March 2012Swedish owner of the Ikea chain of furniture shops, Ingvar Kamprad is the richest man in Europe, and the fourth richest in the world, according to a new ranking.
Astra Zeneca's CEO paid himself a quarter of a million and then fires hundreds of workers
Bank CEO live better than other stock market listed company’s hard working Bosses
Economic crime in Sweden increases by 50 percent as big companies develop moves to “play the system”
Fake bills becoming more common in Sweden and a growing problem
Growing Optimism among Swedish small and medium size business
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