Damernas Värld
Strategic Concepts & Mechanics
Primary Evidence
"In an interview in Damernas Värld in 1972—on the somewhat silly theme of a Young Lion Taking the CEO Position in the DN Group—I was asked, "What are your ambitions? Are you seeking power or money?" I replied, "I've opted out of money. I've decided not to become immensely rich." The question about power was left to its silent fate. It was an honest answer and at the same time a light-hearted attempt to accommodate the journalist. But the result has surpassed both ambition and expectation: I have become very rich. That was not quite what I had in mind. As for power, I can say that I have pursued it as a tool in situations where I've been responsible for owning and leading companies to value creation for their stakeholders. Power in itself does not interest me."
"Already in one of his first interviews before he was to take over as CEO, Stefan Persson declared that the USA was the target. This despite the fact that his father had the opposite opinion. "I'm sure we would fit in America," Stefan Persson confidently tells Damernas Värld in 1981.[83](private://read/01jas9tvg84jycb27616w1f9k8/#note-83) At the turn of the millennium, the time is finally ripe. In tough competition with, among others, clothing giant GAP, with the brand Old Navy that every other college student already wears, H&M is now set to break through."