Swedish CEOs Lead Dangerous Lives in Wave of Sudden Firings
- CEO replacements on track to test Swedish record set in 2015
- Boards becoming unusually blunt in tone of executive firings
Commercial and residential properties stand on the city skyline in Stockholm, Sweden, on Monday, Oct. 21, 2015. As Sweden's central bank has cut rates to negative to revive inflation, pushing down borrowing rates, property prices are surging and debt burdens are growing.
Photographer: Johan Jeppsson/BloombergCorporate Sweden is replacing chief executive officers at the fastest pace in at least a decade, underscoring the fate that top directors face if they fail to satisfy increasingly hard-to-meet shareholder demands.
Of Sweden’s 50 biggest companies, seven have parted with their CEOs so far this year. That follows 12 last year, which marked the highest number since at least 2007, according to Bloomberg calculations. By comparison, about four top executives were replaced, on average, each year between 2007 to 2014.