Word: svenska
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Dates: during 1960-1969
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...philosophy of a one-class society, executive salaries are generally modest; the average president of a Swedish company with at least 500 employees makes about $30,000. The total income of Sweden's best-known executive, President Curt Nicolin of electric-equipment maker ASEA (for Allmänna Svenska Elektriska Aktiebolaget), is $120,000, and that of Volvo Boss Gunnar Engellau...
...Swedish company with the tongue-twisting name of Svenska Aeroplan Aktiebolaget is known throughout the world chiefly for its sturdy, roly-poly automobiles, which bear the company abbreviation, Saab. Few outside of Scandinavia are aware that Saab is also one of the Continent's largest aircraft producers and a bulwark of Sweden's defense effort. The company has built about 90% of its country's 700-plane jet air force, the world's fifth largest-and soon it will increase even that impressive percentage. It has just been chosen by the Swedish government to build...
Though second in size to the Svenska Handelsbanken and less renowned than the Wallenbergs' Enskilda Bank (TIME, June 7, 1963), Skandinaviska has long been Sweden's foremost international bank and is widely regarded as its most modern and creative financial institution. In its earliest major deals a century ago, it raised money in Germany for Sweden's infant railroad and financed Swedish iron and timber ex ports. Skandinaviska also bankrolled the worldwide ventures of Swedish Match King Ivar Kreuger to the tune of $65 million, and his collapse in the 1930s almost brought the bank down...
...sales of calculating machines. Its Westrex division ranks first in sales of sound-recording systems, and its Western Geophysical division first in seismic explorations. Litton is the nation's third biggest private shipbuilder. Its systems division sells more inertial-guidance systems than anyone else, and its Sweden-based Svenska is the world's second largest maker of cash registers. Across the world, Litton men are mapping underground volcanic activity in Hawaii, searching for oil beneath the North Sea, scouring the jungles of Surinam for precious minerals...
...letting out subcontracts to 1,500 other Swedish firms. L. M. Ericsson, Sweden's aggressive manufacturer of telephone equipment, will be responsible for the Viggen's radar, Standard Radio (a Swedish subsidiary of International Telephone and Telegraph) will make the operations control system, and Svenska Flygmotor will build the souped-up JT8D engine under license from Pratt & Whitney. Slated to reach quantity production in 1969-70, Viggen is expected to keep 10,000 Swedish workmen busy for several years and to pour at least $600 million into the coffers of Swedish industry...