Swedish - Businessman | March 30, 1926 - January 27, 2018
Ikea people do not drive flashy cars or stay at luxury hotels.
Ingvar Kamprad
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Our idea is to serve everybody, including people with little money.
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People say I am cheap, and I don't mind if they do.
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I decided that the stock market was not an option for IKEA. I knew that only a long-term perspective could secure our growth plans, and I didn't want IKEA to become dependent on financial institutions.
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If we want to be cost-conscious, we should do it, not just talk about how cost-conscious we are.
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When the first million came in, I felt, 'My God, now I'm really independent.' That was a fantastic experience.
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It is in the nature of Smaland to be thrifty.
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The company will never go to the market. We want to keep strict self-financing.
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An optimised tax structure gives us the possibility of flexibility in using our assets that have already been taxed in one market. They can be used in new markets for further business development without the additional burden of double taxation.
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I see my task as serving the majority of people. The question is, how do you find out what they want, how best to serve them? My answer is to stay close to ordinary people because, at heart, I am one of them.
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I've paid an awful lot of lawyers to protect what I've built. I can only hope the money was well spent.
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I feel many responsibilities - to our customers, to our employees, to the environment, to the world at large. But I don't want to feel responsible to investors, to outsiders with financial concerns that may differ from those of the welfare of IKEA.
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