Word: ivar
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Sweden's currency management is a very conservative affair. The "manager" is the Swedish Riksbank's Governor Ivar Rooth, who has far fewer powers than the U. S. Federal Reserve now has. Studious, young (46) Governor Rooth's first objectives were to prevent inflation and keep prices stable inside Sweden. By May 1932. with inflation averted, Governor Rooth attacked his third objective-to raise the level of wholesale prices slowly and firmly, without increasing the cost of living. He cared nothing for what foreigners were willing to pay outside for Swedish kronor, except as foreign exchange affected...
...ought to know also that Professor Warren is Ivar Kreuger in disguise. Just a simple matter of skin grafting which any beauty surgeon could perform. How Ivar laughs these days in Washington to think people believe he is dead...
Administrators of the estate of the late Ivar Kreuger announced that, to satisfy creditors, $100,000 worth of his silverware, books, paintings, including a Bacchanalian by Peter Paul Rubens valued at $20,000, will be sold at auction in Jersey City. In Stockholm Torsten Kreuger was fined 1,500.000 kroner (about $390,000) and sentenced to one year's hard labor for his part in his brother's crockery. Administrators of the estate of Chicago's late Edith Rockefeller McCormick announced that the furnishings of her Romanesque Lake Shore Drive town house will be auctioned next month...
...talked with Mr. Sloan at the Refrigerator Show was Axel Leonard Wenner-Gren, since the death of Ivar Kreuger Sweden's No. 1 tycoon. Mr. Wenner-Gren was not discouraged by his failure to sell his Elektrolux (spelled with a c in U. S.) refrigerator to Mr. Sloan. Mr. Wrenner-Gren eventually got his asking price when he sold to Servel, Inc. the U. S., Canadian and Cuban rights. Through this deal he became Servel's largest stockholder and later a director. After a series of reorganizations Servel emerged in 1928 as a $14,000,000 concern backed...
...strips dumped outside herring canneries, how he organized his playmates to make and sell his product, how he thrashed them when their salesmanship was poor. Son of a Swedish count, he later worked in Gothenburg but, restless and energetic, went to Berlin to learn big business. Later, like Ivar Kreuger, he worked and traveled all over the world. Before the War he picked out vacuum cleaners as a likely product to distribute. But the War stopped his plans for an international selling organization. With capital of 120,000 kroner (about $32,000) A. B. Elektrolux was launched in 1919. Thereafter...