Wallenberg Legacy: Marcus Wallenberg emphasizes the Wallenberg family's commitment to adaptation, family unity, and supporting education in Sweden, viewing their role as corporate stewards while quietly contributing to societal good.
Marcus Wallenberg reflects on the Wallenberg family's legacy of adapting to change over 175 years through various technological advancements, from the steam engine to AI. He highlights the importance of family unity and their commitment to supporting research and education in Sweden. Wallenberg sees their role as stewards of corporations, ensuring long-term value creation while also emphasizing the significance of democracy and the impact of their foundations on Swedish universities. The family's approach focuses on doing good quietly, supporting initiatives that benefit society without seeking personal recognition.
Wallenberg Values: The Wallenberg family values long-term planning, innovation, and sustainability, fostering a culture of responsibility and competitiveness in Swedish companies, which thrive globally.
A strong emphasis on long-term planning, innovation, and sustainability defines the Wallenberg family's approach to their investments in companies. They believe in learning through responsibility and performance, instilling a culture of hard work and interest among younger generations. Swedish companies thrive due to their need to be competitive in global trade, which fosters a culture of innovation. Acknowledging the importance of adapting to market needs, leaders within these firms focus on utilizing natural abilities, which has created global leaders from smaller niches. Responsibly handling power and trust is essential to ensure leadership is effective without being overwhelming. Overall, the discussion highlights the balance of nurturing talent and maintaining competitiveness in a global economy while contributing positively to society.
Family Business Values: Teamwork and shared values are vital in family businesses, particularly for engaging the next generation. Foundations help avoid conflicts over money, allowing family members to focus on meaningful contributions and innovation, creating a successful, sustainable business environment.
A strong family business relies on teamwork, shared values, and effective communication, especially for involving the next generation. It’s crucial to cultivate relationships with individuals who resonate with the family’s vision. Foundations play an important role in ownership, avoiding wealth disputes, allowing family members to focus on meaningful contributions and responsibilities in the business. Key traits of successful companies include solid management, market presence, a culture of innovation, and financial stability. By fostering a collaborative spirit, families can successfully navigate challenges while empowering younger members to share the family legacy responsibly.
Innovation Pressure: Innovation is critical in telecom and engineering. Companies must adapt to complex risks, including climate change and cybersecurity, focusing on high-risk research and selective investments.
In the competitive telecom industry, innovation is crucial for companies to remain relevant. Traditional engineering firms also feel the pressure to innovate continuously. Funding efforts focus on basic, high-risk research that supports groundbreaking improvements, emphasizing people's contributions over projects. Furthermore, current geopolitical risks, such as climate change and various market pressures, have introduced complexity to business strategies. These circumstances require new approaches in decision-making, with a growing awareness of diverse risks like cyber threats and regulatory challenges. While some companies may capitalize on market volatility for growth, a more cautious strategy has often been adopted, focusing on selective investments in promising businesses, like those seen in Patricia Industries over the past decade. Overall, adapting and preparing for the future are critical as organizations navigate a rapidly changing world.
Collaborative Insights: Learning from private equity like EQT can enhance public investment approaches, facilitating better cooperation among government, businesses, and academia for societal benefits.
Investors and companies can learn valuable insights from each other, especially those involved in both public and private sectors. The experience from firms like EQT shows that private equity can offer agility and a deeper connection with the companies they invest in. As these organizations engage with government and academia, such as through the Royal Swedish Academy, they can shape discussions on crucial issues like energy policy. Effective collaboration between the three sectors—government, business, and academia—is essential for fostering innovation and addressing societal challenges, creating a productive relationship that benefits everyone.
Effective Leadership: A strong network and open communication are essential for effective leadership, helping leaders adapt and thrive in diverse situations and challenges.
Building and maintaining a strong network is crucial for effective leadership and decision-making. Being open to discussions and diverse viewpoints can greatly enhance a leader's ability to navigate challenges and opportunities. Good leaders engage with their colleagues and adapt their approach based on the situation. While the qualities of leadership remain consistent, the methods of communication and collaboration have evolved, especially with the rise of technology and remote interactions. Understanding different industries and geographies helps leaders stay informed and innovative. Ultimately, strong leadership requires a mix of engagement, energy, knowledge, and adaptability to guide teams through various phases of growth or difficulties.
Leadership Challenges: Today's CEOs face unique challenges from rapid changes and increased demands. Companies fostering responsibility within leadership, like Atlas, develop strong leaders by maintaining close relationships between chairs and CEOs, essential for navigating difficulties and driving growth.
Being a CEO today is more challenging than in the past due to rapid change and the need for strong leadership. Companies that empower their leaders at all levels, like Atlas, develop effective CEOs who can adapt and grow. It's important for chairs to stay engaged with management, providing support and guidance, as this strengthens the leadership within the organization. Additionally, leadership development through varied experiences can enhance the ability to lead effectively. A good chair fosters a strong relationship with the CEO, which is crucial since running a company can be a lonely job. While different corporate structures exist worldwide, such as the separation of chair and CEO roles in Nordic countries, having a close, supportive relationship between these roles leads to better outcomes.
Business Insights: Effective business contracts shape investor relations, while personal hobbies like skiing and reading promote mental clarity. Young people should stay curious and seek good mentors for success.
Business contracts play a crucial role in the relationship between companies and their investors. Investors have choices about which shares to buy, and they must understand the terms of their investments. Personal activities like sailing and skiing are seen as great ways to clear one's mind, offering a refreshing perspective. Pursuing diverse readings, such as history and current affairs, helps maintain curiosity and relevance in discussions. Advice for young people includes staying curious, working hard, and finding good mentors, as these steps can lead to successful careers. Ultimately, the legacy of businesses is built over time, emphasizing the importance of informed decisions and the value of mentorship and engagement in various activities.
SEB CEO and Vice Chair Investor AB: Marcus Wallenberg: Family, Adaptability, and Long-Term Stewardship
Recent Episodes from In Good Company with Nicolai Tangen
SEB CEO and Vice Chair Investor AB: Marcus Wallenberg: Family, Adaptability, and Long-Term Stewardship
What is the key to sustaining a 175-year legacy in business? How do you adapt to dramatic technological changes over generations? In this episode, Nicolai sits down with Marcus Wallenberg, Chair of SEB and Vice Chair of Investor AB, to delve into the remarkable history and enduring influence of the Wallenberg family. Since 1850, the Wallenberg dynasty has played a pivotal role in shaping Swedish industry, with stakes in global giants like Ericsson, Atlas Copco, and Electrolux. Marcus shares insights on the importance of adaptability, the family`s unique approach to long-term stewardship, and the values that have guided them through
generations. Discover how the Wallenberg foundations are driving innovation through cutting-edge research and education and learn about the challenges and opportunities in modern corporate governance. This episode is a deep dive into the principles of leadership, the power of a strong network, and the future of Swedish innovation. Tune in!
The production team for this episode includes PLAN-Bs Pål Huuse and Niklas Figenschau Johansen. Background research was conducted by Isabelle Karlsson and Eirik Omre.
- Watch the episode on YouTube: Norges Bank Investment Management - YouTube
- Want to learn more about the fund? The fund | Norges Bank Investment Management (nbim.no)
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Commissioner Margrethe Vestager: EU’s Top Regulator on Big Tech, Competition, and the Future of AI
This week, Nicolai is joined by Margrethe Vestager, Europe’s leading enforcer of competition laws and the driving force behind high-profile cases against tech giants like Apple, Google and Meta. As European Commissioner for Competition, Vestager shares how her work shapes the digital economy, from ensuring fair competition to regulating the use of AI and digital services. She dives into the challenges of regulating Big Tech without stifling innovation and Europe’s need for strategic independence from global powers like China. Gain insights from Europe’s antitrust leader as she navigates regulation, global competition, and the rapidly evolving tech landscape.
In Good Company is hosted by Nicolai Tangen, CEO of Norges Bank Investment Management.
New episode out every Wednesday.
The production team for this episode includes PLAN-Bs Pål Huuse and Niklas Figenschau Johansen. Background research was conducted by Kristian Haga and Riga Tenzin.
- Watch the episode on YouTube: Norges Bank Investment Management - YouTube
- Want to learn more about the fund? The fund | Norges Bank Investment Management (nbim.no)
- Follow Nicolai Tangen on LinkedIn: Nicolai Tangen | LinkedIn
- Follow NBIM on LinkedIn: Norges Bank Investment Management: Administrator for bedriftsside | LinkedIn
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Hosted on Acast. See acast.com/privacy for more information.
CATL CEO & Founder Robin Zeng: The journey to market dominance and powering the future of batteries
In this episode, Nicolai is joined by Robin Zeng , founder and CEO of CATL, the world's largest battery producer. The company has a staggering 37.5% market share, and CATL has revolutionised the battery industry, powering millions of electric vehicles and contributing significantly to renewable energy storage. But how does a Chinese company view differences between their home market, the US and Europe? Tune in learn more from Robin about the importance of understanding consumer needs, the innovative technologies behind CATLs success, and the companys vision for a zero-carbon future. This episode offers a true deep dive into the challenges and triumphs of leading a global battery powerhouse, the complexities of scaling production, and the critical role of research and development in driving sustainable energy solutions.
In Good Company is hosted by Nicolai Tangen, CEO of Norges Bank Investment Management.
New episode out every Wednesday.
The production team for this episode includes PLAN-Bs Pål Huuse and Niklas Figenschau Johansen. Background research was conducted by Kristian Haga and Arnab Seal.
- Watch the episode on YouTube: Norges Bank Investment Management - YouTube
- Want to learn more about the fund? The fund | Norges Bank Investment Management (nbim.no)
- Follow Nicolai Tangen on LinkedIn: Nicolai Tangen | LinkedIn
- Follow NBIM on LinkedIn: Norges Bank Investment Management: Administrator for bedriftsside | LinkedIn
- Follow NBIM on Instagram: Explore Norges Bank Investment Management on Instagram
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Co-Founder of Pixar, Ed Catmull: Fostering Creativity, Learning from Mistakes, and Pixar’s Unique Culture
In this episode, Nicolai Tangen is joined by Ed Catmull, co-founder and former president of Pixar, and author of the highly acclaimed book "Creativity, Inc." Pixar has set the gold standard in animation with groundbreaking films like Toy Story, Finding Nemo, and The Incredibles, earning 27 Academy Awards.
Ed delves into his journey from a technical expert to a cultural leader, sharing his philosophy on creativity, leadership, and the unique culture at Pixar. Discover the secrets behind Pixar´s Brain Trust. The former Pixar president also reflects on his experiences working with Steve Jobs and the profound lessons learned along the way. Tune in to gain valuable insights into managing talent, building creative cultures, and the future of animation and AI.
In Good Company is hosted by Nicolai Tangen, CEO of Norges Bank Investment Management. New episode out every Wednesday.
The production team for this episode includes PLAN-B´s Pål Huuse and Niklas Figenschau Johansen. Background research was conducted by Kristian Haga.
- Watch the episode on YouTube: Norges Bank Investment Management - YouTube
- Want to learn more about the fund? The fund | Norges Bank Investment Management (nbim.no)
- Follow Nicolai Tangen on LinkedIn: Nicolai Tangen | LinkedIn
- Follow NBIM on LinkedIn: Norges Bank Investment Management: Administrator for bedriftsside | LinkedIn
- Follow NBIM on Instagram: Explore Norges Bank Investment Management on Instagram
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Kinnevik CEO and Chair: Long-term mindset, Innovation and Dealing with failures
In this episode, Nicolai is joined by Georgi Ganev, CEO, and James Anderson, Chair, of the Swedish investment company Kinnevik. Founded in 1936, Kinnevik has a rich history of driving growth and innovation across various industries, such as telecommunications, e-commerce, and healthcare. Tune in to this engaging discussion to learn more about Kinnevik's approach to long-term investments, their perspective on public versus private companies, and the challenges they are facing in the current market climate.
The production team for this episode includes PLAN-B's Pål Huuse and Niklas Figenschau Johansen. Background research was conducted by Isabelle Karlsson and Kristian Haga.
- Watch the episode on YouTube: Norges Bank Investment Management - YouTube
- Want to learn more about the fund? The fund | Norges Bank Investment Management (nbim.no)
- Follow Nicolai Tangen on LinkedIn: Nicolai Tangen | LinkedIn
- Follow NBIM on LinkedIn: Norges Bank Investment Management: Administrator for bedriftsside | LinkedIn
- Follow NBIM on Instagram: Explore Norges Bank Investment Management on Instagram
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Erin Meyer: Cross-cultural management, leadership and trust
How do cultural differences influence the way we interact and communicate? What defines an ideal organizational culture? And what influence have the Vikings had on Scandinavian corporate culture? In this episode, Nicolai welcomes Erin Meyer, a leading specialist in cross-cultural management and author of "The Culture Map." Erin shares fascinating insights into communication, the importance of understanding cultural nuances in feedback, and the varying ways trust is built across cultures. This episode is a deep dive into the complexities of cross-cultural interactions and offers valuable lessons for anyone working in a global environment.
In Good Company is hosted by Nicolai Tangen, CEO of Norges Bank Investment Management. New episode out every Wednesday.
The production team for this episode includes PLAN-B's Pål Huuse and Niklas Figenschau Johansen. Background research was conducted by Kristian Haga and Isabelle Karlsson.
- Watch the episode on YouTube: Norges Bank Investment Management - YouTube
- Want to learn more about the fund? The fund | Norges Bank Investment Management (nbim.no)
- Follow Nicolai Tangen on LinkedIn: Nicolai Tangen | LinkedIn
- Follow NBIM on LinkedIn: Norges Bank Investment Management: Administrator for bedriftsside | LinkedIn
- Follow NBIM on Instagram: Explore Norges Bank Investment Management on Instagram
Hosted on Acast. See acast.com/privacy for more information.
PG&E CEO Patricia Poppe: Joy in the workplace and Leading with love
The Californian energy company Pacific Gas & Electric Company (PG&E) serves millions of customers across the state. However, massive wildfires left the company in bits and pieces. A new CEO was appointed, Patricia Kessler Poppe, and she’s built the company up from bankruptcy to having millions of customers, with special emphasis on leading with love. But how well does that work in corporate America? Tune in!
In Good Company is hosted by Nicolai Tangen, CEO of Norges Bank Investment Management. New episode out every Wednesday.
The production team for this episode includes PLAN-B's Pål Huuse and Niklas Figenschau Johansen. Background research was conducted by Arabella Graves and Kristin Verpe.
- Watch the episode on YouTube: Norges Bank Investment Management - YouTube
- Want to learn more about the fund? The fund | Norges Bank Investment Management (nbim.no)
- Follow Nicolai Tangen on LinkedIn: Nicolai Tangen | LinkedIn
- Follow NBIM on LinkedIn: Norges Bank Investment Management: Administrator for bedriftsside | LinkedIn
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Hosted on Acast. See acast.com/privacy for more information.
Jane Sun: Travel, crisis management and female leadership
When you are a travel company, how do you deal with a global pandemic?
Trip.com CEO Jane Sun joins Nicolai Tangen in Oslo and share their most memorable trips and experiences.
They also talk about corporate culture, AI in customer service, the travel industry and career building. Sun shares her view on female leadership, and gender equality in the workplace.
So how do you sell out around the world tickets for 200.000 US Dollars each, in 17 seconds? You have to tune in to find out!
In Good Company is hosted by Nicolai Tangen, CEO of Norges Bank Investment Management. New episode out every Wednesday.
The production team for this episode includes PLAN-B's Pål Huuse and Niklas Figenschau Johansen. Background research was conducted by Arabella Graves and Odette Wang.
- Watch the episode on YouTube: Norges Bank Investment Management - YouTube
- Want to learn more about the fund? The fund | Norges Bank Investment Management (nbim.no)
- Follow Nicolai Tangen on LinkedIn: Nicolai Tangen | LinkedIn
- Follow NBIM on LinkedIn: Norges Bank Investment Management: Administrator for bedriftsside | LinkedIn
- Follow NBIM on Instagram: Explore Norges Bank Investment Management on Instagram
Hosted on Acast. See acast.com/privacy for more information.
Magnus Carlsen: Chess, Investing and Strategic thinking
How can strategic thinking in chess be applied to investing? In this episode Magnus Carlsen and Nicolai Tangen discuss the comparison between business investing and chess. They also talk about risk, how to recover after losses, AI in chess, strategizing against different opponents and how to always explore and stay curious. Magnus also reflects on self-doubt and the power of optimism in achieving success. Don’t miss this engaging episode with the world's greatest chess player. Tune in!
In Good Company is hosted by Nicolai Tangen, CEO of Norges Bank Investment Management. New episode out every Wednesday.
The production team for this episode includes PLAN-B's Pål Huuse and Niklas Figenschau Johansen. Background research was conducted by Sigurd Brekke and Patrick Du Plessis.
- Watch the episode on YouTube: Norges Bank Investment Management - YouTube
- Want to learn more about the fund? The fund | Norges Bank Investment Management (nbim.no)
- Follow Nicolai Tangen on LinkedIn: Nicolai Tangen | LinkedIn
- Follow NBIM on LinkedIn: Norges Bank Investment Management: Administrator for bedriftsside | LinkedIn
- Follow NBIM on Instagram: Explore Norges Bank Investment Management on Instagram
Hosted on Acast. See acast.com/privacy for more information.
Rerun: Lars Fruergaard Jørgensen CEO of Novo Nordisk
Rerun:
“I'm very concerned that European citizens will have lack of access or much lower access to some of the new medicines” says CEO of Novo Nordisk. He also share some interesting perspectives about the importance of purpose and their new weight loss drug.
The production team on this episode were PLAN-B’s Niklas Figenschau Johansen and Nikolai Ovenberg. Background research was done by Sigurd Brekke with input from portfolio manager Gemma Game.
- Watch the episode on YouTube: Norges Bank Investment Management - YouTube
- Want to learn more about the fund? The fund | Norges Bank Investment Management (nbim.no)
- Follow Nicolai Tangen on LinkedIn: Nicolai Tangen | LinkedIn
- Follow NBIM on LinkedIn: Norges Bank Investment Management: Administrator for bedriftsside | LinkedIn
- Follow NBIM on Instagram: Explore Norges Bank Investment Management on Instagram
Hosted on Acast. See acast.com/privacy for more information.