Swedish Companies May Vote With Their Feet
When Swedish telecommunications giant Ericsson announced a long-awaited management shakeup on Sept. 30, Chief Executive and President Sven-Christer Nilsson was chagrined at the reaction. Instead of concentrating on the young hotshots he had chosen for his new team, the press played up the news that Ericsson would be moving its European headquarters and finance arm to London. "I was so amazed by the force of this issue," says Nilsson.
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