flâneur

Founders Notes: Wallenberg

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Furthering a Fortune Ulf Olsson Doie Wallenberg was married to Charles Hambro, a member of the well-known family of bankers. The Wallenberg bank owned shares in Hambros. MW's children would later say, jokingly, that their father had probably arranged Doie's second marriage. NOTE MW's first wife marries a close associate of the Wallenberg family. Likely set up by MW. Expanding A Family Dynasty: Marcus Wallenberg Jr. David Senra Because they have control and financial resources and the long-term perspective, they can wait for better times. They realized their compressor and air-compressed tools division showed the greatest potential for growth, and it was being pulled down by the diesel engine division. Another thing you'll see the Wallenbergs do over and over again is maintain company ownership while dropping unsuccessful business lines and finding markets that provide tailwinds. The profits came instead from air-operated tools and compressors, a market sector that appeared to be expanding. Before the decade had ended, diesel engine manufacturing had been closed down, and the march towards a position for the company as a world leader in pneumatic technology had been initiated. By in

Furthering a Fortune Ulf Olsson Doie Wallenberg was married to Charles Hambro, a member of the well-known family of bankers. The Wallenberg bank owned shares in Hambros. MW's children would later say, jokingly, that their father had probably arranged Doie's second marriage. NOTE MW's first wife marries a close associate of the Wallenberg family. Likely set up by MW. Expanding A Family Dynasty: Marcus Wallenberg Jr. David Senra Because they have control and financial resources and the long-term perspective, they can wait for better times. They realized their compressor and air-compressed…

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