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Author:Wallace, C. P.
Title:Percy Barnevik's next act
Journal:Fortune
1997 : MAY, VOL. 135:12, p. 70-72
Index terms:MANAGERS
HOLDING COMPANIES
STOCK MARKETS
SWEDEN
Language:eng
Abstract:Members of Wallenberg family have chosen Percy Barnevik to become chairman of Investor, the family's holding company, which controls an estimated 45% of the capitalization of the Swedish stock market and some of the world's most famous brands. Under Barnevik's leadership Investor will squeeze more value out of its holdings with Barnevik's motto: get rid of the losers and create a healthy sense of urgency in the business that remain. Barnevik's role will be to help set an agenda for management at Investor-owned firms and then make sure they live up to their marching orders.
SCIMA record nr: 161547
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