Wednesday, May 25, 2016

So much earned the top managers in 2015 – Expressen

It shows a summary of the consulting company Novare Pay as Swedish Dagbladet explains.

Novare Pay has investigated the Stockholm Stock Exchange all 266 companies. There are few CEOs who receive remuneration that is around 50 million per year. The average income for all CEO’s remuneration fall to 5.5 million, or 459,000 per month.

AstraZeneca CEO, Frenchman Pascal Soriot, however, is in a completely separate division with its 108 million in total compensation in terms of both salary and bonuses for 2015.

Pascal Soriot served every day 295 000 SEK seven days a week.

– AstraZeneca, which has its headquarters in London, stand out. It goes together with their competitors, pharmaceutical company based in the UK and the US, have higher levels of compensation, says senior consultant Andreas Lauritzen at Novare pay to the Swedish newspaper Svenska Dagbladet.

Novare Pay hatred in their investigation concluded that CEOs on the major listed companies in the last ten years has increased its compensation by an average of 55 percent. Stockholm Stock Exchange increased during the same period by 56 percent.

– Wage developments seen to ten years is fast. CEO salary increases in the same way as the stock market, says Erika Andersson, CEO of Novare Pay.

But high salaries and bonuses are not tantamount to senior manager has done a good job as can be seen in the development of companies and profits.

Ericsson CEO Hans Vestberg has nothing to boast about when it comes to the company’s development. On the contrary. The stock has fallen by about 10 percent and serious questions have also been raised about Vestberg way to lead the company.

Electrolux CEO Keith McLoughlin was fired this year, partly because the company was forced to withdraw from the purchase of GE the appliance operation. But he was certainly happy in all cases of payments in 2015, which amounted to 52 million.

– It was a costly experience for Electrolux, says Jonas Olavi, equity strategist at Alfred Berg to the Swedish newspaper Svenska Dagbladet.

the fiasco with GE a total cost of 400 million.

– the year was a disaster, says Jonas Olavi to the newspaper.

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