Word: thunholm
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...rank among FORTUNE'S top 50 foreign banks but supreme in a country of 8,000,000 people. The two merging banks will disappear; Marcus Wallenberg, 72, will be chairman of the new enterprise, and his 47-year-old son Marc will be assistant managing director. Lars-Erik Thunholm, head of Skandinaviska, will be managing director...
Caution & Adventure. Skandinaviska bailed out many of Kreuger's companies in a rescue operation that won it the lasting respect-and the banking business-of such large Swedish corporations as automaking Volvo and the ball-bearing giant SKF. Says Lars-Erik Thunholm, 50, one of the bank's three managing directors: "Caution alone could not make banking a creative force. Caution must be coupled with adventure." By successfully coupling them, Skandinaviska has proved anew that one plus one often adds up to much more than...
...took place before 1945. Nobody expects much more of it in the future. Britain's Laborites will try to renationalize steel, but will probably leave private industry in general untouched; most politicians on the Continent are extremely careful about how they use the word nationalization. Says Lars Erik Thunholm, president of Stockholm's Skandinaviska Bank: "The nationalization of industry is a dead issue as long as private enterprise shows the ability to continue expanding the economy." There is no sign that Europe's neocapitalists, who have gathered new strength from the fusion of ideas and methods...
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