| Headline: Olof Stenhammar Source: Euromoney Date: November 2000 Author: Philip Eade
Stenhammar gave up the role of chief executive of OM in 1996 in order to lead Stockholm’s bid to host the 2004 Olympic Games – as well as to give himself more time on his farm and on his boat. However he still owns a 30% stake and has remained consistently vociferous in extolling OM’s virtues, never more so than in the present increasingly bitter fight for the LSE. The LSE’s robust defence document has sought to undermine OM’s reputation for technological leadership, questioning its capacity to deliver projects on time. Stenhammar is certainly not invincible, as the failure of the Olympic bid demonstrated (the city was deemed too small, and it did not help that many Stockholmers were seen as being against the proposal). | |||||||||||||||||||||||||||||||||||||||||