Meatballs for charity?
If you've been to IKEA lately (and we have - its an Effectiv office here), then you've probably wondered who's getting rich on all those fantastically named, unbelievably inexpensive, modern housewares.
Not our office.
The Economist reveals that it's all going to a clever construction of non-profits registered in the Netherlands presided over by founder Ingvar Kamprad and his family. It also appears that only a small fraction of the cash flowing is to the charitable cultivation of new interior design ideas:
"Clearly, the world of interior design is being tragically deprived, as the foundation devotes itself to building its own reserves in case IKEA needs capital."
therevitalist
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Source: Flat-pack accounting
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