November 21st 2001 Percy Barnevik opened his last board meeting as chairman in Asea Brown Boveri (ABB). Percy Barnevik showed on the overhead projector his pension and compensation for his time as Chief executive officer and chairman of the board in ABB. After the presentation the feeling in the room was anything but peaceful. Most members of the board were chocked. The result of the pension agreement was chocking news, approximately 900 millions SEK. But there were more to it. The succeeding CEO Göran Lindahl had a similar agreement, which entitled him to 650 millions SEK. The problem that arose in 2001 was not the validity of the agreements, but the amounts of the compensations. The board knew that the CEO had a bonus agreement but could not imagine that it would result in exceptional amounts. This was the starting point of our thesis. We investigated how bonus agreements can arise in general and how they arose in ABB. Our mission was to investigate if the bonus agreements in ABB matched the discourse within the board. Our case study indicated that the discourse in the board did not match the bonus agreements. If they would the bonus agreements would not be modelled in the way they were.