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Lars-Eric Petersson

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Person.png Lars-Eric Petersson   ZoominfoRdf-entity.pngRdf-icon.png
(businessman)
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Born1950
Mönsterås, Sweden
NationalitySwedish
Criminal charge
fraud
Criminal status
freed on appeal
Swedish Bilderberger businessman convicted of fraud, then released on appeal

Lars-Eric Petersson was a Swedish business executive who attended the 2000 Bilderberg meeting as CEO of the insurance company Skandia.

Career

Lars-Eric Petersson assumed the position of CEO of Skandia in 1996, at a time of significant expansion for the company. In 1999, the business journal Veckans Affärer named Lars-Eric Petersson CEO of the year, and Dagens Industri stated that "Lars-Eric Petersson will never end up in rough weather due to poor judgment".[1]

Petersson ended up in rough weather after he provided his two sons with apartments and the big bonuses he and the board were awarded.[2] As a result of his machinations, several different bonus programs gave a hundred managers close to SEK 4 billion in bonuses. of these, SEK 185 million was overpaid to senior Skandia executives as bonuses. Petersson also took out SEK 37 million more in pension than the board approved.[1]

In 2003, Lars-Eric Petersson was charged with financial fraud.[3] In 2006, he was sentenced to two years in prison but was freed.[4]


 

Event Participated in

EventStartEndLocation(s)Description
Bilderberg/20001 June 20004 June 2000Belgium
Brussels
Genval
The 48th Bilderberg, 94 guests
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References