Firing CEO cost Bang & Olufsen 21 million kroner
Kristian Teär received a severance package worth 21 million kroner after being fired as CEO of Bang & Olufsen in January. Kristian Teär was hired in 2019 to turn the company around, Teär saw revenue grow during the pandemic, but he never managed to create a profit. Following three years of declining revenue, the board […]