Word: ikea
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...year, the new CEO, Anders Moberg, faced a storm of criticism over his guaranteed $1.68 million bonus for each of his first two years. That was on top of a $1.68 million salary and stock options as well as a hefty exit package. Moberg, a Swede who formerly ran Ikea, eventually agreed to take a lower salary and link his bonus to the firm's performance. At Germany's Bertelsmann, one of the first moves by Gunter Thielen when he took over in August 2002 was to abolish the office of the chairman and the post of chief operating officer...
...revenues grow 17%, as Microsoft's did in the past quarter, it might seem a little churlish to suggest its glory days are over. Its chairman, Bill Gates, even reclaimed his title as the world's richest man, after a widely published story claiming that the founder of Ikea had replaced him turned out to be so many Swedish meatballs. And Gates' baby, based in Redmond, Wash., is still by far the largest software maker in the world, with a healthy $56 billion in the bank and revenue conservatively expected to rise 5% next year, to about $38 billion...
...ICON Ikea...
...Kamprad created Ikea with a cash gift from his father. The name was derived from his initials plus the first letters of the farm and village where he grew up (Elmtaryd, Agunnaryd). The idea was--and still is--to create and sell innovative design at a great price. Initially he sold such items as pens, picture frames and nylon stockings. But he was interested in the work of mid-century furniture designers like Charles Eames, Arne Jacobsen and Russel Wright. Eventually Kamprad turned his focus to mail-order catalogs and stores that could sell his wares on a mass scale...
...same, if prefab has never quite arrived, it is also an idea that never goes away. In the more crowded confines of Europe and Japan, the possibilities offered by prefab are eagerly pursued. In Sweden, Ikea has sold more than a thousand of its Bo Klok ("Live Smart") prefab apartments. In London the engineering firm First Penthouse uses cranes to lower instant apartments onto the rooftops of existing buildings. And lately a number of American architects have been venturing into prefab as a way to bring clean, modern design into a U.S. housing market still dominated by retro ranch styles...