Word: svenska
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...Divorce. If the lockout of men engaged in the nation's defense boggled outside observers, it little surprised Swedes. Military officers enjoy the right to negotiate as a union and to take strike action (though they have never done so). Stockholm's morning newspaper, Svenska Dagbladet, published a wry cartoon showing a large billboard inscribed with what it called a message from the Minister of Defense: "It is forbidden to engage in war against Sweden during the lockout." Meanwhile, Defense Minister Sven Andersson assured critics that key men in defense posts would be exempt from the lockout...
...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...