Word: kreugered
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Shrewd Ivar Kreuger has known how to dicker with sensitive governments, greedy governments, when the Swedish Match Trust wanted another monopoly (TIME, Oct. 1). A fat check here, a guarantee there, and competition has pleasantly evaporated. Thus it was that, last week, the match king of Sweden could look with satisfaction at every major match-consuming country of the world, except...
Viewing these warlike moves, fearing lest some might think his company endangered, Matchmaker Kreuger last week spoke sharply, scornfully. Said he, through the Swedish International Press Bureau: "The Japanese Trust is our good friend. The Chinese syndicates do not exist. Russian matches are not good enough to compete with us in European markets...
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...
...agreements were not equally easy to obtain. Matchmaker Kreuger had to dicker. To win the French state monopoly, he bought $50,000,000 French government bonds. He loaned Greece $5,000,000 for the monopoly. Ecuador received $2,000,000 and a yearly payment. A similar dicker pleased Esthonia. And such a deal was responsible for the $36,000,000 Hungarian bonds for which U. S. and foreign investors began, last week, to make indirect payment...