Word: assa
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Dates: during 2000-2009
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...department's action against the Alavi Foundation in U.S. District Court in Manhattan expands a forfeiture proceeding which began last December against the Assa Corp., a part-owner of a 36-story high-rise on Fifth Avenue. But in what may be a first, the government also seeks to seize additional properties in New York, Maryland, Texas, Virginia and California, some of which house mosques, Islamic centers and schools. (See pictures of America's Islamic community...
Carl-Henric Svanberg made his name and fortune from locks. As CEO of Sweden's Assa Abloy in the 1990s, he turned a local security company into the world's biggest lockmaker - acquiring over 100 new firms and restructuring them in a way that boosted Assa Abloy's stock twentyfold. When he left earlier this year, he took with him a personal fortune of $60 million. You might expect Svanberg, now 50, to ease into early retirement. But last month he took over as president and CEO of Ericsson, the sprawling Swedish telecom-equipment maker that's all locked...