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"Fat Cat" salaries continue for state-owned company boss

Published torsdag 2 mars 2006 kl 12.38

The party secretary of the Social Democrats has criticized the chairman of the board of the state-owned LKAB mining company in northern Sweden for granting a director pension benefits costing the company over 10 million dollars in the next 6 years.

The chairman has had his knuckles wrapped before for handing out such benefits – and promised not to do it again.

The party secretary says this generosity between top bosses can be regarded as pompous and without any morality – especially for members of a worker’s party.

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