In addition to the founder fighting for his company, I'm guessing that several advisors and analysts are fighting for their credibility right now as well.
The voices that warned against insane risk-taking, hubris and unclear boundaries between politics and business have been drowned in the praise of the company from financial institutions, banks and advisers. As recently as last spring, Ilija Batljan was named entrepreneur of the year by the audit firm Ernst & Young.
The critics believed that the company took far too many risks during the years when Sweden had zero interest by buying real estate with borrowed money. Other critical voices have been raised about the company's business orientation, which is to buy municipalities and county council property holdings and then rent them back to the former owners. Even the municipalities' own organizations have admitted that the deals have been to the detriment of taxpayers.
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