Swedish businessman Goeran Lindahl has lost his job as a spokesman for a United Nations program promoting ethical business practices.
The reason: Two weeks ago, the Swiss-Swedish industrial group ABB asked Lindahl, the company's former chief executive, to return some of his $50 million in retirement pay. The size of the pension - disclosed at the same time as ABB's huge $691 million net loss for 2001 - made headlines and drew sharp criticism in Switzerland and Sweden.
The U.N. Global Compact decided not to renew the one-year appointment of Lindahl as an unpaid special adviser. The appointment ends on Feb. 28.
Source: The Associated Press, via FindLaw.