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...A very different leader, Percy Barnevik, the founding chief executive of ABB, the Swedish-Swiss company that adopted English as its corporate language, also spoke of the danger of “mistaking facility with...
...Barnevik resigned as the chairman of Investor and sold off his shares, antique book collection and luxury flat to pay back half of the cash....
...Dagens Industri, Sweden’s main financial newspaper, compared the size of the affair leading to Mr Martin-Löf’s departure to previous scandals such as Percy Barnevik’s SFr148m ($172m) pay-off from ABB....
...Mr Barnevik accepted responsibility for the group’s problems and sold off his shares, antique book collection and luxury flat to raise the cash....
...Since its flirtation with bankruptcy in 2002-2003 in the aftermath of breakneck expansion under the charismatic Percy Barnevik, ABB had become intensely collegial at the top....
...“Obtaining finance for the loans is not a problem,” Mr Barnevik says....
...In 1991 Percy Barnevik, the leader of giant Swiss-Swedish conglomerate ABB, told the Harvard Business Review that fluency in English was a requirement for every senior manager in the company....
...Percy Barnevik – the quintessential hands-off leader who shepherded ABB to a decade of success in the 1990s – would occasionally step in to assume responsibility for a failing division....
...Prof Rosenzweig cites the case of journalists who declared in 1996 that ABB’s Percy Barnevik was a management superstar....
...Barnevik Erskine B. Bowles John H. Bryan Armando M. Codina George M. C. Fisher Karen Katen Kent Kresa Ellen J. Kullman Philip A. Laskawy Eckhard Pfeiffer Jerome B. York...
...Jean-Marie Messier (Vivendi) and Bernie Ebbers (WorldCom), Kenneth Lay (Enron) and Percy Barnevik (ABB), have all seen their reputations shattered. Yet there is one titan who so far remains untoppled....
...Percy's purse Percy Barnevik is getting back on his soapbox....
...rankings is ABB, the Swedish-Swiss engineering group that experienced a series of scandals involving concealing losses three years ago and over-generous pensions payments to two former chief executives, Percy Barnevik...
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