Per Larsson, chief executive of OM Group, the technology company that controls the Swedish stock exchange, saw his bonus fall 80% in 2001.

Larsson received a bonus of Skr10m (€1m) in 2000, a bumper year for OM, but got just Skr2m in 2001. Over the same period, his basic salary rose from Skr3.5m to Skr3.7m.

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The announcement comes as USS Investment Management said it won’t bid for the property firm.

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OM chief sees bonus drop 80%

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