From panel A of the Table 3 it can be seen a rising development of CEO compensation in
Swedish largest firms during the 2004-2008 period. Mean total compensation has
increased by around 5.9% annually4 and median by around 10.7% annually. Despite this
it is still about seven times lower than that in USA as compared with the figures reported
by Ning, Hu and Garza Gomez (2009).
The highest compensation during sample period was paid to the CEO of Volvo AB in
2008 (41,436 KSEK) and the lowest to the CEO of Hakon Invest AB in 2008 (4 241
KSEK). We took the sum of CEO salary and bonus as cash compensation paid. The
highest cash compensation was paid to Modern Times Group MTG AB 2007 (24 692
KSEK) and the lowest was paid to CEO of Hakon Invest AB in 2008 (1 413 KSEK).