Swedish CEO Pay Hits Record at 77 Times Industrial Worker Salaries

Swedish Trade Union Confederation chairman Johan Lindholm demanded an end to escalating executive pay after a new report revealed top CEOs now earn 77 times more than industrial workers.The “Makteliten” study found the income gap widened from a ratio of 71 to one last year, reaching its highest level since data collection began in 1950.Economist Anna Almqvist attributed the record disparity to rising salaries and bonuses at 50 major companies while ordinary employees faced declining purchasing power during recent inflation.