Lars Magnus Ericsson

Entrepreneur

Birthday May 5, 1846

Birth Sign Taurus

Birthplace Sweden

DEATH DATE Dec 17, 1926 (80)

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About

Creator of Ericsson, the telephone equipment company.

Before Fame

His father died when he was 11, leaving young Lars alone with his mother and two sisters.

Trivia

He never saw telephones as a tool for the mass market. He always believed they would stay in the domain of the rich.

Family Life

He had long correspondences with his son with whom he was very close. These letters and memorandums were studied by biographers after his death.

Associated With

He and Henry Ford believed in paying a good wage to their employees in order to keep them productive and happy.