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Economic Crisis

Huge Pensions for Swedish Executives

Published lördag 11 april 2009 kl 11.16
Former CEO and round the world sailor Arne Mårtensson has the largest pension

As concerns have continued about huge bonuses and pensions to business executives against the background of the economic crisis, it’s been reported that 10 company bosses here have almost million dollars set aside for their pensions.

The newspaper “Svenska Dagbladet” says the banks are leading the way, with the former CEO of Handelsbanken holding a pension of almost 30 million dollars.

A former executive at Nordea, the Nordic region’s largest banking group, has more than 2 million dollars in his pension, closely followed by former and current counterparts at Ericsson, the SEB bank, another executive at Handelsbanken, and the furniture giant H&M.

That compares to an average Swedish pension of around 250,000 dollars.

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