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James_B_Crawshaw
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James_B_Crawshaw,
User Rank: Blogger
7/25/2016 | 5:04:49 PM
Re: Who are the prime candidates?
Yes, Investor AB is a vehicle for the Wallenberg family and has 21.5% of the votes. AB Industrivarden is another Swedish investment group with 20.1% of the votes. Between them they will decide whether to:

a) Bring in a CEO from another Swerdish company where they have significant influence

b) Bring in fresh blood from outside the Swedish business community

c) Try to persuade Cisco to buy Ericsson

 
Faisal Khan
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Faisal Khan,
User Rank: Blogger
7/25/2016 | 3:00:35 PM
CFO Taking over?
A CFO that takes over temporarily to fix things is a always a sign of more lay offs and moves to right size a company.

Best of Luck, ERICSSON
mendyk
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mendyk,
User Rank: Light Sabre
7/25/2016 | 1:25:37 PM
Re: Who are the prime candidates?
True -- there's no perfect way to handle this situation. If the outgoing CEO was deemed ineffective, then her or his handpicked successor isn't likely to be well received. Still, when you have this kind of uncertainty at the top, you're almost guaranteed to have a couple of more quarters of less-than-stellar performance. In cases where lackluster results have more to do with external market conditions than management ineptitude, that kind of stall isn't helpful at all.
brooks7
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brooks7,
User Rank: Light Sabre
7/25/2016 | 12:44:54 PM
Re: Who are the prime candidates?
I worked under a lame duck CEO and it is a power vacuum anyway.  His voice did not matter as everyone knew he would be gone soon.  No matter how you do it, these are hard things.

The best alternative is when a CEO cultivates his replacement on his/her staff.  The thing is that when this is true they are probably good and there is no reason to replace them.

seven

 
mendyk
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mendyk,
User Rank: Light Sabre
7/25/2016 | 11:33:07 AM
Re: Who are the prime candidates?
It's worrisome when an organization gets rid of its leader without having identified and secured a replacement.
Gabriel Brown
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Gabriel Brown,
User Rank: Light Sabre
7/25/2016 | 9:54:04 AM
Re: Who are the prime candidates?
Investor angst...

Doesn't it basically come down to how Investor AB is feeling? The Wallenberg family controls something like 20-odd percent of the voting rights in Ericsson.
Ray@LR
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[email protected],
User Rank: Blogger
7/25/2016 | 9:23:34 AM
Who are the prime candidates?
Once the results were out and there was talk of investor angst, Vestberg's position was untenable.

Who will want to take his place though - anyone have any good suggestions?


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