IKEA billionaire founder proud to be frugal at 80

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Latest Business News and Financial Information | Reuters.com

I like the idea of the IKEA founder and CEO “following the rules” of the company and setting an example of frugality by flying coach.

I was always taught that Toyota was a very frugal company, much of that being out of necessity post World War II.

Again, about tthe IKEA founder:

Interviewer Darius Rochebin teased that Ikea employees were always told to write on both sides of the paper.

“Why not? If there is such a thing as good leadership, it is to give a good example. I have to do so for all the Ikea employees,” Kamprad retorted.

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Mark Graban is an internationally-recognized consultant, author, and professional speaker who has worked in healthcare, manufacturing, and startups. His latest book is Measures of Success: React Less, Lead Better, Improve More. He is author of the Shingo Award-winning books Lean Hospitals and Healthcare Kaizen, as well as The Executive Guide to Healthcare Kaizen. He also published the anthology Practicing Lean that benefits the Louise H. Batz Patient Safety Foundation, where Mark is a board member. Mark is also a Senior Advisor to the technology company KaiNexus.

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