Word: providentia
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Dates: during 1970-1979
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Unobtrusiveness is one of the reasons the Wallenbergs have been able to hold on to their empire in socialist Sweden. The family owns enough stock to control only a few firms directly, including the Providentia and Investor holding companies. But those companies, in turn, have controlling interests in a number of other firms, and so on. That technique of effective control, known in Sweden as the Wallenberg Grip, is the embodiment of the Wallenbergs' family motto, Esse non Videri (To be, not to be seen...
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