Word: kreugered
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
...First as Provisional President, since 1929 as Constitutional President, he had been Ecuador's chief executive for the past five years. Ironically, the same matches which burned him last week helped secure his position two years ago. At that time he got a loan from Swedish Match Co. (Kreuger & Toll) in return for granting the firm a national monopoly. Not only did President Ayora grant a monopoly, but he agreed to pay out of the Ecuadorean treasury $10 on each 1,000 boxes of matches if the annual sales fell below...
First spark of trouble came from swart Communist Senator Maldonado. He rose in the Senate, condemned the monopoly, demanded that the Government withdraw it. Up jumped Senator Cueva Garcia to remind the Senators that if the monopoly were cancelled, Ecuador would have to repay Kreuger & Toll's $2,000,000 loan. That might be awkward. A melee followed. Somebody got a message to Garcia that a mob was waiting for him outside. Colleagues spirited him away to safety. The monopoly was withdrawn...
...Costa Rican. The bank division lists the British banks, also Chartered Bank of India, Bank of Hongkong, National Bank of Egypt and others. Imperial Chemical heads the chemical group while the textiles include Celanese, Coats and Courtaulds. Industrials include Vickers (steel), De Havilland Aircraft, Imperial Airways, Cunard, Dunlop, Kreuger & Toll, Unilever, Swedish Match, British-American Tobacco ("Bats") and Imperial Tobacco ("Imps"). Favorite of the land shares is Sudan Plantations, great Government-subsidized cotton farms. Guinness and Allsopp lead the breweries...
Less dramatic but equally momentous was I. T. & T.'s acquisition last week of a "dominant interest" in L. M. Ericsson Telephone Co. The purchase was made from Kreuger & Toll, Swedish match monopolists, bankers, and industrialists who have been dominant in Ericsson for only nine months (TIME, Sept. 15). Although Swedes must regret what amounts to the loss of one of their nation's greatest enterprises, the deal opens new and larger spheres to Herr Kreuger. His company received large amounts of I. T. & T. stock in return for Ericsson and is now thought to be the largest...
Matches. Far flung are the operations of Kreuger & Toll Co., holding company for the great "Swedish Match Trust," for 21 industrial banking and real estate operations, for the Grangesberg Co. iron mines (Europe's biggest), for the control of L. M. Ericsson Telephone Co. Master of its many operations, getter of its match monopolies is close-shaven,quick-speaking Ivar Kreuger, self-made, much publicized "world's richest bachelor." To shareholders last week he reported that Kreuger & Toll during 1930 earned $24,163,000 from dividends and interest received, against $14,278,000 from those sources in 1929. Trading profits...