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February 15, 2012
Ikea founder 'cried like a baby' over Russian bribery scandal
Published: 19 Feb 10 13:46 CET | Double click on a word to get a translation
Online: http://www.thelocal.se/25096/20100219/
Ikea's founder Ingvar Kamprad on Friday expressed "distress" over a bribery affair which has led to the firing of the Swedish furniture giant's two top managers of its Russian division.
- Ikea hit by strikes in France (14 Feb 10)
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"I am heartbroken about what happened," he said. "I am very, very sorry."
The company said on Saturday its "representatives in Russia agreed upon bribes being paid, related to power supply to Ikea-owned MEGA shopping centres in Saint Petersburg."
"Two top managers have left their positions and Ikea with immediate effect," the group added.
Kamprad is now 83-years-old and set up the Ikea flat-pack furniture firm in 1943 when a teenager.
He said he was informed last Friday that Per Kaufmann, whom he has known for 20 years, and Stefan Gross, had been fired for giving the go-ahead to bribes.
Kaufmann was the head of IKEA in Russia and Gross was IKEA's director of real estate in the country.
"I don't want to say anything before I know what is behind this," Kamprad said, adding he had spoken to Kaufmann and "he is sorry, not for his own sake, but for Ikea's sake, that things happened as they did," he said.
Kamprad, who lives in tax exile in Switzerland, said he hoped the bribery affair would not hurt the group's presence in the Russian market.
"I think most Russians understand our situation," he said.
Ikea owns 12 shopping centres in Russia, all of which are home to an Ikea store and around 150 other tenants.
Ikea is an unlisted, family-owned company and traditionally does not release regular earnings reports.
At the end of last year, Kamprad was the richest man in his adopted Switzerland with a fortune valued at some €23 billion ($31 billion).
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It seems none have opportunities to learn from experience except see the grand old man fire his close associties and cry.