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

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.