Word: kreugered
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...Kreuger's Control...
...four matches, three are made in its home or foreign factories. Big customer of Swedish Match has been Germany, where the company controls 70% of the match production. Last month it was rumored that there had arrived in Berlin the man who is behind the great Swedish Trust, Ivar Kreuger, mainspring of Kreuger & Toll Co. which holds the majority interest in Swedish Match. As usual with Kreuger visits, his object was not known, his movements veiled in mystery. Germans wondered if it were in connection with one of the several German banks in which he is heavily interested...
...Life Building, Macy's, the Hotels Plaza and St. Regis were among the jobs on which Herr Kreuger worked as engineer. He also helped to plan and build the Syracuse Stadium, which the late, great Rockefeller-partner John D. Archbold paid for. In 1907 Herr Kreuger returned to Stockholm where, with Paul Toll, he formed the construction firm of Kreuger & Toll. Soon office buildings, apartments, hotels, began to change the Stockholm skyline. Real estate and construction have now become a Kreuger sideline, but most of the modern business structures of Stockholm are Kreuger-built and many are Kreuger-owned...
Although Herr Kreuger has raised many millions of dollars in foreign countries, none of his expansion program has been attended with any risk of loss of control. Class A shares of Kreuger & Toll, central Kreuger company, must be held by Swedes; Class B shares, permissible to foreigners, carry only one vote per thousand shares...
...Herr Kreuger is a rather slight man with a large, somewhat bald head, a high forehead and prominent cheekbones. He is a great admirer of Cecil Rhodes and Dr. Jameson. He would rather be called engineer than chief or president. He has a motor boat, three yachts, six or seven homes, but has no particular hobbies, seldom accepts invitations to dinner, and even in Stockholm has become rather a legendary figure. Over the door of his office is a carved torch. In addition to his office, he has also a silent room, to which only he and the janitor have...