Word: pehr
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Volvo President Pehr Gyllenhammar, the jaunty 38-year-old lawyer who took over command of Sweden's biggest industrial concern (annual sales: $1.5 billion) from his father-in-law in January 1973, insisted that his company had been considering the U.S. plant for many months and had not been influenced by the current world monetary disarray. However, Volvo may well profit from the money tangle. As the value of many currencies (including Sweden's krona) has continued to rise against the dollar−and as foreign labor costs have continued to mount−the once huge gap between...
...dead. We are in a situation of haphazardly controlled free trade. If Texas cattle imports seriously disrupted the outdated European agricultural system, no Texas cattle would be allowed into Europe. If Japanese shipyards threaten American shipyards, ways will be found to protect the American yards." Sweden's Pehr Gyllenhammar, president of Volvo, agreed that it is uncomfortable to be invaded by the products of a country that has a keener competitive edge. "But," he asked, "will the U.S. recognize that because of its loss of competitive ability, it will continue to be invaded by the Japanese and others...
...Boel, Solvay et Cie.; Willard C. Butcher, Chase Manhattan Corp.; Louis Camu, Banque de Bruxelles; Alain Chevalier, Moet-Hennessy; Dr. F. Wilhelm Christians, Deutsche Bank; Fernand Josef Collin, Kredietbank, N.V.; Dr. Paul Dax, Siemens; Sir Eric Drake, British Petroleum; Baron Edouard-Jean Empain, Electrorail; Nils Foss, F.L. Smidth & Co.; Pehr G. Gyllenhammar, Volvo; Alfred H. Heineken, Heineken, N.V.; Belton K. Johnson, King Ranch; Dr. Konrad...
...Pehr Gustaf Gyllenhammar is president and chief executive of Sweden's Volvo, the automobile, aircraft and heavy-equipment manufacturer that is the largest industrial combine in Scandinavia (revenues last year: $1.2 billion). He is also the author of a book about future economic and social problems, Toward the Turn of the Century, Somehow. "My main job is structuring a corporate philosophy that will take us into the next century," he says...
...Died. Pehr Evind Svinhufvud, 82, President of Finland from 1931 to 1937; in Finland. Big, bald, bristling Svinhufvud (translation: pig head) was the typical Finnish national hero; a strong man, consistently pro-German and anti-Russian. In 1901 Svinhufvud became a judge under the Czarist regime, fought Imperial Russian ukases until 1914, when he was banished to Siberia. On his return to Finland in 1917 he picked Germany as a good thing, next year asked the Kaiser to name one of his sons King of Finland. When the Allies won the war, Svinhufvud resigned, General Baron Mannerheim came to power...