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Compensation for Saab CEO scrutinized

Published torsdag 27 oktober 2011 kl 11.05
Saab CEO, Victor Muller. Photo: Scanpix.

Victor Muller, the CEO of the troubled Swedish carmaker, Saab, has taken out well over US$ 2.8 million from the company in the form of loans, consultant's fees, bonuses and share programs in the space of a year, according to an Swedish Television news investigation. This amounts to significantly more than what the media had previously known.

The television program looked into a number of complicated transactions among Saab, Saab's parent company and Muller's private companies. They found that the compensation Muller has gotten is at the same level as it was for Volvo Truck's former CEO, Leif Johansson, even though Saab is just a tiny fraction of the size – one-thirtieth – in terms employees.

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