UK Only Article:
standard article
Issue:
The future of computing
Fly Title:
The Wallenberg group
Rubric:
The lessons from 100 years of a family’s industrial empire
Location:
STOCKHOLM
Main image:
Wallenbergs: the fifth generation
Wallenbergs: the fifth generation
SWEDEN is a progressive place. Women participate fully in the workforce. Companies are transparent, generally uncorrupt and often globally minded. Enthusiasm for technology helps Stockholm flourish as a lively startup centre for gaming, music and fintech firms. Business leaders earnestly talk of the benefits of going green, caring for workers and being ethical. In politics, Sweden is egalitarian, redistributing wealth through high taxes. So it is a puzzle that Swedish capitalism appears so strikingly unequal, with a small number of individuals owning and running large chunks of the economy.
Credit Suisse, in its annual report on global wealth in October, pointed to ...
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