, Columnist
Ericsson on Borrowed Time
CEO's reluctance to diversify has already hurt the company.
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Ericsson CEO Hans Vestberg, already under pressure from restive shareholders, really didn't need another problem on his desk.
Yet that's just what's happened: the Justice Department and SEC are investigating the company for alleged corruption by its executives in China, according to Swedish newspaper Svenska Dagbladet. Ericsson, the biggest maker of equipment used in wireless networks, said it's cooperating with the authorities.