Word: kreuger
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Dates: during 1920-1929
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Intricately woven about the Swedish Match Co. is the organization by which it maintains and strengthens its monopoly. In 1923 it fostered the subsidiary International Match Co. to handle foreign manufacture and marketing. Swedish Match is itself controlled by Kreuger & Toll, an organizing and managing company which also owns all the common stock of the Swedish-American Investment...
...object of last week's debenture issue was to enable Kreuger & Toll to gather in all the outstanding ($17,917,800) preferred stock of the Swedish-American Investment Co. Another was to take over...
J.he threads, is Matchmaker Ivar Kreuger...
Like many another international tycoon, Matchmaker Kreuger is under 50. The son of an unsuccessful matchmaker, Ivar Kreuger went to the Swedish Polytechnic Institute, became an engineer. Kreuger & Toll started business as an engineering firm. But, when Father Kreuger became involved in serious difficulties, Son Ivar left engineering and turned to matchmaking. His initial success was the 1913 merger. When his combine wedded the Jonkoping group in 1917, Matchmaker Kreuger made the match. He is managing director of Swedish Match, president of International Match, chairman of the board of Swedish-American Investment Corp., and, of course, head of all-controlling...
Matchmaker Kreuger speaks fluently Swedish, English, French, German. He has more than a smattering of Russian and Finnish. But he would have to speak at least 50 languages and dialects if he were to conduct personally all the affairs of the International Match Co. Within the last three years, Matchmaker Kreuger has concluded shrewd deals in Poland, Peru, Greece, Norway, Germany, France, Jugoslavia, Japan, Ecuador, Esthonia. International Match Co. controls 75% of U. S. production, through the wholly owned Vulcan Match Co., and through the "biggest" Diamond Match Co. This company has a contract with the Swedish monopoly...