I'm not really in the mood to sing Niclas' praises at this time. I do not contest they have made progress, but from the s/p point of view, how does theirs compare to other companies' in the 4-year span? I could almost bet that no employee of the combined companies of UCPA owns any shares. Why? Because, probably they realized that for the moment, there is no reason to put their money into a worthless stock when the year-end bonus alone is the equivalent of many,many millions of shares.
For a company that wins accolades every year, they do not seem to attract enough of the high profile customers in Scandinavia.
I'm sure Niclas is a great advertising executive and did well for himself and the employees, but for us, American shareholders, he did not deliver.