Word: kreugered
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Died. Ivar Kreuger, 52. "Swedish Match King"; by his own hand (pistol); in Paris...
...Ivar Kreuger, 52, matchmaker and moneylender to many nations, arrived in Paris last week. His pallid face was whiter than usual, and drawn. He had just been in the U. S., seeking loans for his labyrinth of companies. He had failed to get the loans. He did not look forward to a meeting he had called for Saturday noon to discuss his companies' financial position with their leading executives and certain international bankers. When on Friday his doctor told him he was in poor shape and should watch his heart he became very depressed. Saturday morning he arose, dressed, wrote...
News of Ivar Kreuger's death was withheld by the Paris police until after the stockmarkets of the world had closed for the weekend. When it reached Sweden it caused something akin to panic. In London a "high Swedish authority" received a representative of the Times with a sad face. "Poor Kreuger," he said. "Creditors were closing...
...many were his creditors, how much they were owed will not be known for a long time. Ivar Kreuger's business life was known to only a handful of men. In making important transactions he usually revealed only part of the details to any one person. The main holdings of his companies are common knowledge, but it is certain that they also had many investments which have never been revealed. How much money he had, no one knew, not even himself. He said he did not care. Others said that next to Sir Basil Zaharoff he must have been...
Principal Kreuger company is Swedish Match?Svenska Tändsticks. It makes 66% of the world's matches, controlling 250 plants in 43 nations. In 1930 its earnings came to $13,000,000. This company's growth was due to Ivar Kreuger's efforts and its rise paralleled his own. Sweden's match industry began in the latter part of the 19th Century. Small factories sprang up all over the country. In 1903 a merger of many of the companies formed Vulcan Match Manufacturing Co. which began to force the smaller companies out. In 1907 Ivar Kreuger, then 27, arrived...