Rausing
Strategic Concepts & Mechanics
Primary Evidence
"Finn Rausing chose instead to take a more purely ownership role on the board. With his previous controller experience, he also took on the role of chairman of the board’s audit committee. Thereby, he gained a more in-depth insight into the corporate group’s financial position, transactions, and risk management. Both Jörn and Finn contributed with competence but also with the Rausing surname which opened doors to various types of decision-makers and strengthened the long relationships with larger customers and subcontractors."
"Ruben’s employment contract with Erik Åkerlund was very advantageous. But not only that: in addition to salary and other benefits, Ruben also managed to secure the astonishing agreement that he would get to buy half of Erik Åkerlund’s shares in Lito & Kartong, but without having to pay a single krona in cash. Åkerlund loaned Ruben the 400,000 kronor he needed to take over half of the stock at a five percent interest rate – such a loan was no problem for a person with Ruben’s annual salary. Erik Åkerlund really wanted young Rausing as a partner."
"Ruben and the Rausing sons believed in Althin’s litanies about the incompetent Harry Järund. Hadn’t the machine program constantly encountered inexplicable delays? And mustn’t it then be Harry Järund’s responsibility? These were some of the questions they asked themselves. But they forgot that they themselves were ultimately responsible for many of the delays on the machine side. Järund often received unclear and conflicting directives from them. Suddenly, he might be ordered to halt the development of machines for a certain package size in favor of prioritizing another size. A few weeks later, complete counter-orders could come. Järund and his technicians were simply not allowed to work in peace. The Rausing family couldn’t keep their fingers out of it, since they all thought that technology was among the most enjoyable things, even though none of them had any competence in the field. Among the technicians in Harry Järund’s department, it was increasingly said about the Rausing family: “It’s progressing, in spite of them.”"
"He tasked Torudd to immediately apply for a patent for Wallenberg’s tetrahedron. And the drawings of the tetrahedron were handed over to the patent firm AW Andersson in Malmö, so they could write the patent application. Erik Torudd had a hard time getting the agency’s representatives to understand that the tetrahedron really was an invention and that it truly could be used as packaging. Eventually, Rausing became irritated and instructed Torudd to call a meeting with the patent firm."
"Among contemporary observers, it was said that “When the company was started, Rausing had the ideas and Åkerlund had the money. Now, Rausing has both the ideas and Åkerlund’s money.”"
"The size of the tax claims previously confirmed estimates in the media that several of the founders of major companies had become billionaires. They were still light years behind clans such as the H&M Persson family, Tetra Pak’s Rausing, or Ikea’s Kamprad, but they had within a relatively short time earned more than any highly paid executive in the business sector."