Two years in prison for ex-Skandia CEO

The Stockholm District Court ruling found Petersson guilty of removing a cap on the so-called Wealthbuilder bonus programme offered to Skandia’s top executives. This was done without telling the board, a decision which cost the company an estimated £12m. The chief prosecutor in the case had argued the cost was closer to £13.5m, but this was not accepted by the court. The court also said Petersson could not be found guilty of charges he padded his pension to the tune of about £2.7m by unilaterally changing his pension contract with Skandia. It said the prosecutor did not provide suffic...