Word: electrolux
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Also at the teething stage is a project involving 50 families in Ballerup, a sleepy little Danish town not far from Copenhagen. Here, E2Home, a joint venture of mobile-phone maker Ericsson and appliances giant Electrolux, has equipped each family with Electrolux's much-publicized Screenfridge, an appliance I saw last fall at another demo home, in Ericsson's Stockholm compound. The engineers there thought it was the coolest thing in the world - a fridge with a full-fledged computer built into its door, with a large screen and an Internet connection. I recall being very skeptical. Who surfs...
...Here's the idea: simply scan the unique 12-digit bar code of each product in your kitchen as you use it, and a replacement is on its way. If you prefer to stay in the La-Z-Boy, munching on pizza, get your refrigerator to order the groceries. Electrolux and Frigidaire have already developed prototype smart fridges, which, we're promised, will automatically sense when your milk carton feels light or your cheese smells like unlaundered socks and will order more. In the wake of the smart fridge, food-industry experts are dreaming of a smart garbage...
...people of Lawrenceburg, Tenn. (pop. 15,000), have one word they want to holler at Electrolux, the Stockholm-based appliance maker: Nej! The term (pronounced nay) is Swedish for no and expresses the intense local resentment toward Electrolux's two-month-old effort to buy Murray Ohio Manufacturing, a Tennessee bicycle and lawn-mower manufacturer that employs 2,900 workers at its Lawrenceburg plant...
...harm the familial character of the company, which is still partly owned by descendants of Founder C.W. Hannon. In protest, workers have gathered more than 5,000 signatures, erected GO MURRAY billboards and even staged a pep rally starring Country Singer Larry Gatlin. The firm's board has rejected Electrolux's offers of $48 and $52 a share, but Wall Street investors think Electrolux is prepared to offer even more. Anticipating another bid, they sent Murray's stock to a high of $64 last week...
...third generation of Wallenberg bankers who have been synonymous with Swedish business for more than a century, Marcus and his brother Jacob (who died two years ago) rebuilt Sweden's industrial strength after the Kreuger crash in 1932. Eventually taking control of such multinational giants as Electrolux, L.M. Ericsson and Saab-Scania, Wallenberg also helped to establish the Scandinavian Airlines System in 1946 and controlled companies that employed one of every eight working Swedes. A national tennis champion as a young man, he shunned ostentation and once said of his estimable family: "We're nothing special. We come...