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| Author: | Guyon, J. |
| Title: | How do you say dynasty in Swedish? |
| Journal: | Fortune
2001 : MAY, VOL. 143:10, p. 70-76 |
| Index terms: | FAMILY FIRMS COMPANIES STAKEHOLDERS SWEDEN NORDIC COUNTRIES EUROPE |
| Language: | eng |
| Abstract: | This paper considers the question - whether the fifth generation of Sweden's most powerful family can lead shareholders into a new era of growth. Together, companies in which the Wallenbergs have a big stake - including Ericsson, ABB, AstraZeneca, Electrolux, and SAS - represent more than $250 billion in shareholder wealth, greater than the market cap of General Motors and Wal- Mart combined. They employ more than 800,000 people and generate more than $100 billion in revenue, 90% of that outside Sweden. At the center of the Wallenberg web is Investor, an 85-year-old holding company. Marcus Wallenberg runs it; cousin Jackob, uncle Peter, and a cadre of luminaries, including Barnevik and Peter Sutherland, a former WTO director-general, sit on its board. |
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