Word: kreugered
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Dates: during 1930-1939
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...contracted with the late Ivar Kreuger to purchase a "dominant interest" in Ericsson, made a down payment of $11,000,000, and received Ericsson stock of equivalent value. Then it asked for an audit. It was this audit, disclosing Kreuger's false statements, which wrote the final chapter in the Match King's career. Sosthenes Behn declared he would cancel the deal, asked for his money back. He has yet to see it. So he kept the Ericsson stock, which gave him a 20% voting interest. It was this block which, subject to the approval of the Swedish...
Alexander turned him down. Though he despised Lowenstein he liked the late, equally notorious Ivar Kreuger, would never admit that he was a crook. He fell in love with a young Englishwoman at Biarritz, but it came to nothing because she insisted on marriage and his wife would not give him a divorce. He became a spiritualist. Finally he did the accepted thing, went to the U. S. as a lecturer. At his first lecture (in a Baptist church in Grand Rapids) the unexpected strains of the Russian National Anthem made him blench. Nothing else in the U. S. seems...
...Jersey City vault last week, detectives and ferreting lawyers discovered a cache of paintings, books, and silverware valued at $100,000, which squirrely friends of the late Ivar Kreuger had attempted to hide from the legal creditors of his estate. Still missing is a collection of 300 etchings supposed to be worth...
...Kreuger was able to make off with $115,000,000, Price, Waterhouse, explained, not only because of the confidence he inspired and his autocratic powers but also because of "the loyalty or unquestioning obedience of officials who evidently were selected with great care (some for their ability, others for their weaknesses). . . ." Moralized Price, Waterhouse: "The history of this Group of Companies emphasizes anew the truth that enterprises in which complete secrecy on the part of the chief executive as to the way in which important parts of the capital are employed is, or is alleged to be, essential . . . are fundamentally...
...Washington last week Senator Peter Norbeck, onetime South Dakota well-digger, set his Banking & Currency Committee once again to probing buying & selling practices on U. S. stock exchanges (TIME, July 4). They began by poking in the ashes of Kreuger's matchdom. Witnesses brought the Committee up to date on Kreuger history but were unable to shake Senator Reynolds's firm belief in the No. 1 Kreuger legend: that Ivar Kreuger's death was as false as his life. Lesser legends added recently to the great book of Kreuger lore...