The Associated Press: Swedish CEO says he will work for free
Lars G. Nordstrom isn't the only CEO being criticized these days for earning too much money during the world financial crisis. But he may be one of the few who has reacted by deciding to work for free.
Since becoming head of the Swedish postal service in July, Nordstrom has been paid 900,000 kronor ($110,000) a month. And that is on top of the millions he receives in a retirement package from his previous job as chief executive officer of the banking group Nordea AB.
November 29, 2008
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