Ericsson CEO Vestberg Ousted as Turnaround Stalls

Mr. Vestberg has faced significant pressure due to company performance and allegations of corruption. Despite unexpected timing, the company is committed to cost cuts, with CFO John Free Camera as interim CEO. Global probes focus on disclosure practices rather than business conduct. Vestberg receives a substantial departure package and has future prospects in corporate Europe.

What were some of the challenges faced by Mr. Vestberg in recent months?

• High share prices

• Increased sales

• Allegations of corruption

• Successful profit margins

Who is acting as the interim CEO following Mr. Vestberg's departure?

• John Free Camera

• Microsoft CEO

• Kim Erickson

• Jan Vestberg

What is a significant factor in Erickson's legal challenges?

• The willingness to disclose probes

• The high demand for telecom equipment

• The actual business practices

• The company's market share

How much is Mr. Vestberg receiving as a departure package?

• 10 million krona

• 5 million U.S. dollars

• 3.8 million U.S. dollars

• 32.9 million krona

What is Mr. Vestberg's current involvement outside the corporate sector?

• Swedish Olympic Committee

• Telecom Equipment Sales

• Microsoft CEO

• Corporate Europe