Straight-up Scandinavia: Learning the language of IKEA

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2-12-2008 @ 12:42PM

William said...

Actually Caitlin, that's not necessarily true : check out the following excerpt from an Economist article I found -
What emerges is an outfit that ingeniously exploits the quirks of different jurisdictions to create a charity, dedicated to a somewhat banal cause, that is not only the world's richest foundation, but is at the moment also one of its least generous. The overall set-up of IKEA minimises tax and disclosure, handsomely rewards the founding Kamprad family and makes IKEA immune to a takeover. And if that seems too good to be true, it is: these arrangements are extremely hard to undo. The benefits from all this ingenuity come at the price of a huge constraint on the successors to Ingvar Kamprad, the store's founder (pictured above), to do with IKEA as they see fit.

You can find the whole article here:
http://www.economist.com/business/displaystory.cfm?story_id=6919139

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