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Stefan Jacoby, the former CEO of Volvocars who has left his post due to illness in reported to be compensated big.
He
is reported to be in line for a severance agreement of at least Skr8
million, according to Swedish business daily, Dagens Industri.
According to Volvo Car Corporation's most recent annual report, management has the right to an annual salary if they are layoff in such situations.
The paper has thus calculated that based on Stefan Jacoby's last reported salary from 2010, without regard to any wage increase in 2011, his parachute would surely move to Skr8 million, since he was fired as a result if ill - health.
Jacoby was forced to leave his post as CEO of Volvo Car Corporation as a result of a stroke following a strong in-house fighting among the top management officials, notably with the company's vice chairman, Hans-Olov Olsson.
By Scancomark.com
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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.
He
is reported to be in line for a severance agreement of at least Skr8
million, according to Swedish business daily, Dagens Industri.According to Volvo Car Corporation's most recent annual report, management has the right to an annual salary if they are layoff in such situations.
The paper has thus calculated that based on Stefan Jacoby's last reported salary from 2010, without regard to any wage increase in 2011, his parachute would surely move to Skr8 million, since he was fired as a result if ill - health.
Jacoby was forced to leave his post as CEO of Volvo Car Corporation as a result of a stroke following a strong in-house fighting among the top management officials, notably with the company's vice chairman, Hans-Olov Olsson.
By Scancomark.com
Scancomark.com
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