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Wallenberg Family
The Wallenberg family is a prominent Swedish family of bankers, industrialists, politicians, bureaucrats and diplomats, present in most large Swedish industrial groups, including EQT AB, Ericsson, Electrolux, ABB, SAS Group, SKF, Atlas Copco, Saab AB, and more. In the 1970s, the Wallenberg family businesses employed 40% of Sweden's industrial workforce and represented 40% of the total worth of the Stockholm stock market. The most famous of the Wallenberg family, Raoul Wallenberg, a diplomat, worked in Budapest, Hungary, during World War II to rescue Jews from the Holocaust. Between July and December 1944, he issued protective passports and housed Jews, saving tens of thousands of Jewish lives. Their flagship company, Investor AB, has a market capitalization of around $60 billion. The family is also heavily involved in philanthropy through the Wallenberg foundations, especially the Knut and Alice Wallenberg Foundation. History The earliest known member of the Wallenberg fa ...
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Family Business
A family business is a commercial organization in which decision-making is influenced by multiple generations of a family, related by Consanguinity , blood, marriage or adoption, who has both the ability to influence the vision of the business and the willingness to use this ability to pursue distinctive goals. They are closely identified with the firm through leadership or ownership. Owner-manager entrepreneurial firms are not considered to be family businesses because they lack the multi-generational dimension and family influence that create the unique dynamics and relationships of family businesses. Overview A family business is the oldest and most common model of economic organization. The vast majority of businesses throughout the world—from corner shops to multinational publicly listed organizations with hundreds of thousands of employees—can be considered as family businesses. Based on research of the ''Forbes 400'' richest Americans, 44% of the ''Forbes 400'' member ...
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Philanthropy
Philanthropy is a form of altruism that consists of "private initiatives for the Public good (economics), public good, focusing on quality of life". Philanthropy contrasts with business initiatives, which are private initiatives for private good, focusing on material gain; and with government endeavors that are public initiatives for public good, such as those that focus on the provision of public services. A person who practices philanthropy is a philanthropist. Etymology The word ''philanthropy'' comes , from 'to love, be fond of' and 'humankind, mankind'. In , Plutarch used the Greek concept of to describe superior human beings. During the Middle Ages, was superseded in Europe by the Cardinal virtues, Christian virtue of ''Charity (Christian virtue), charity'' (Latin: ) in the sense of selfless love, valued for Salvation in Christianity, salvation and escape from purgatory. Thomas Aquinas held that "the habit of charity extends not only to the love of God, but also to t ...
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Parliament
In modern politics and history, a parliament is a legislative body of government. Generally, a modern parliament has three functions: Representation (politics), representing the Election#Suffrage, electorate, making laws, and overseeing the government via hearings and inquiries. The term is similar to the idea of a senate, synod or congress and is commonly used in countries that are current or former monarchies. Some contexts restrict the use of the word ''parliament'' to parliamentary systems, although it is also used to describe the legislature in some presidential systems (e.g., the Parliament of Ghana), even where it is not in the Legal name, official name. Historically, parliaments included various kinds of deliberative, consultative, and judicial assemblies. What is considered to be the first modern parliament, was the Cortes of León, held in the Kingdom of León in 1188. According to the UNESCO, the Decreta of Leon of 1188 is the oldest documentary manifestation ...
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Parliament Of Sweden
The Riksdag ( , ; also or , ) is the parliament and the supreme decision-making body of the Kingdom of Sweden. Since 1971, the Riksdag has been a unicameral parliament with 349 members (), elected proportionally and serving, since 1994, fixed four-year terms. The 2022 Swedish general election is the most recent general election. The constitutional mandates of the Riksdag are enumerated in the ''Instrument of Government'' (), and its internal workings are specified in greater detail in the Riksdag Act ().Instrument of Government
as of 2012. Retrieved on 16 November 2012.
The Riksdag Act< ...
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Swedish Minister For Foreign Affairs
The Minister for Foreign Affairs () is the foreign minister of Sweden and the head of the Ministry for Foreign Affairs (Sweden), Ministry for Foreign Affairs. The current Minister for Foreign Affairs is Maria Malmer Stenergard of the Moderate Party. History The office was instituted in 1809 as a result of the constitutional Instrument of Government (1809), Instrument of Government promulgated in the same year. Until 1876 the office was called Prime Minister for Foreign Affairs (, commonly known as ''utrikesstatsminister''), similar to the office of Minister for Justice (Sweden), Prime Minister for Justice (). The Prime Minister for Foreign Affairs initially served as head of the Cabinet of Foreign Mail Exchange at the Royal Office. Following the ministry reform in 1840, the Prime Minister for Foreign Affairs became head of the newly instituted Ministry for Foreign Affairs (Sweden), Ministry for Foreign Affairs. In 1876 the office proper of Prime Minister of Sweden was created an ...
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Diplomat
A diplomat (from ; romanization, romanized ''diploma'') is a person appointed by a state (polity), state, International organization, intergovernmental, or Non-governmental organization, nongovernmental institution to conduct diplomacy with one or more other states or international organizations. The main functions of diplomats are representation and protection of the interests and nationals of the sending state; initiation and facilitation of strategic agreements, treaties and conventions; and promotion of information, trade and commerce, technology, and friendly relations. Seasoned diplomats of international repute are used in international organizations (for example, the United Nations, the world's largest diplomatic forum) as well as multinational companies for their experience in management and Negotiation, negotiating skills. Diplomats are members of foreign services and diplomatic corps of various nations of the world. The sending state is required to get the consent of t ...
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Knut Agathon Wallenberg
Knut Agathon Wallenberg (19 May 1853 – 1 June 1938) was a Swedish banker and politician, he was also a Knight of the Order of the Seraphim. Wallenberg was Minister for Foreign Affairs 1914–1917, and member of the Riksdag's ''Första kammaren'' (the Upper house) 1907–1919. Together with his wife, he created Knut and Alice Wallenberg Foundation, which is one of the main contributors to the private university Stockholm School of Economics. Wallenberg was one of the founders of the Stockholm School of Economics, and is also seen as the founder of the community of Saltsjöbaden and an associated railroad. Early life Wallenberg was born on 19 May 1853 in Katarina Parish, Stockholm, the son of André Oscar Wallenberg (1816–1886) and his first wife Catharina Wilhelmina Andersson (1826–1855). He was the brother of Oscara (1847–1863), Jacob (1851–1872), and Wilhelm (1855–1910). He also had 14 half-siblings, including Gustaf (1863–1937), Marcus (1864–1943), and Victor ...
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