`Mr. Barnevik, Aren't You Happy Now?'

In late August, energy and engineering giant ABB Asea Brown Boveri Ltd. announced new plans. It is carving its global operations into three superregional groups for Europe, the Americas, and Asia, paring down its executive board, and folding six industrial divisions into four. The moves are part of a second radical restructuring since Sweden's Asea merged with Switzerland's Brown Boveri in 1987. Chief Executive Officer Percy Barnevik spoke with BUSINESS WEEK Bonn Correspondent Gail Schares about the perpetual revolution inside the $30 billion behemoth.

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