Peter Wallenberg manages to hold the empire together
Article Abstract:
Upon the death of Marcus Wallenberg, the battle for control of the Wallenberg family holdings in Sweden, including control of the Skandinaviska Enskilda Bank, the largest financial institution in the country, began, but the European economic community has been surprised by the quiet yet effective management of the financial empire by Peter Wallenberg, who has turned back all challenges to his control of the Wallenberg group of companies. That group includes ASEA AB, LM Ericsson, Atlas Copco, Alfa-Laval AB, and AB Electrolux, which along with 15 other Swedish firms had combined sales of $30 billion in 1983 and which had a worldwide payroll of some 450,000 employees. The success of Wallenberg in deflecting the challenges to his power base is described.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1984
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The bulging coffers of Liechtenstein's secretive banks
Article Abstract:
Liechtenstein's tight banking secrecy laws and low tax rates have contributed to the success of the country's banking industry and spread the its reputation as a tax haven throughout Europe. The three banks of Liechtenstein (National Bank of Liechtenstein, Bank in Liechtenstein, and Verwaltungs-und Privat-Bank AG) are legally prevented from disclosing depositor information in connection with foreign law tax offences, and as a result, 70 percent of their deposit base is represented by foreign funds. Executives from each of the three banks and the nation's crown prince, Hans John Adam, describe the banking secrecy laws, why they are necessary, and the amount of cooperation available to foreign investigators from Liechtenstein.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1987
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How Saab's car boom took management by surprise
Article Abstract:
While most car manufacturers are reducing production, Saab-Scania of Sweden has plans to increase its production capacity by 68 percent over the next three years, by building a new automotive plant. Saab's heavy truck division (reportedly the most profitable in the world) and its aircraft division are also doing well in industries that are slumping. A combination of management decisions ranging from divesting itself of computer-making operations and upgrading the Saab automobile to be a high-performance luxury car are credited with the success being enjoyed by Saab-Scania. In 1985, Saab-Scania earned profits of $386 million on sales of $4.4 billion.
Publication Name: International Management
Subject: Business, international
ISSN: 0020-7888
Year: 1986
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