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Swedish CEOs earn 46 times more than workers

Published måndag 17 februari 2014 kl 12.14
LO General Secretary Karl-Petter Thorwaldsson together with Social Democrat leader Stefan Löfven. Photo: Claudio Bresciani/TT

The 50 best paid Swedish businessmen each earn on average 46 times more than a regular blue-collar worker, according to a new report by the trades union congress LO.

Speaking to tabloid Aftonbladet, union general secretary Karl-Petter Thorwaldsson says: "This isn't reasonable. Society would be better if there were more equality."

This is the fourteenth time LO has looked at the income and wealth of Sweden's richest businessmen. However the employers' organisation, the Confederation of Swedish Enterprise, is negative.

Peter Isling, the confederation's press spokesman claims that the median salary for Swedish CEO's is close to SEK 1 million.

"We should remember that Sweden has very small income gaps compared to other countries," he told Aftonbladet.

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