Tuesday, January 25, 2005 1:48:20 PM
I think he's the exception; a banker with sisu, from Fortune 1/10/05:
NOKIA
Has Nokia Lost It?
The Finnish cellphone maker has lost market share, and its stock price has fallen. Getting growing again won't be easy.
By Nelson D. Schwartz
It's just before 8 a.m., and dawn over Helsinki is still hours away, but Nokia CEO Jorma Ollila is in his office waxing on about the virtues of sisu, a hard-to-translate Finnish word that means "guts," as well as "courage" and "perseverance." In the coming months Ollila will need all three in guiding the world's largest mobile-phone maker through what is likely to be the most difficult stretch of his 13 years as CEO. "When the Finns are under pressure, that's when the sisu comes out," says the 54-year-old Ollila, whose owlish features turn intense whenever the subject of Nokia's shrinking market share comes up. "The fact is, we've been targeted by umpteen challengers, and now we're a challenger again. We enjoy the challenger role. It has to do with being Finnish—being from a small country."
NOKIA
Has Nokia Lost It?
The Finnish cellphone maker has lost market share, and its stock price has fallen. Getting growing again won't be easy.
By Nelson D. Schwartz
It's just before 8 a.m., and dawn over Helsinki is still hours away, but Nokia CEO Jorma Ollila is in his office waxing on about the virtues of sisu, a hard-to-translate Finnish word that means "guts," as well as "courage" and "perseverance." In the coming months Ollila will need all three in guiding the world's largest mobile-phone maker through what is likely to be the most difficult stretch of his 13 years as CEO. "When the Finns are under pressure, that's when the sisu comes out," says the 54-year-old Ollila, whose owlish features turn intense whenever the subject of Nokia's shrinking market share comes up. "The fact is, we've been targeted by umpteen challengers, and now we're a challenger again. We enjoy the challenger role. It has to do with being Finnish—being from a small country."
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