Word: ivars
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...with movies, got into balloon-blowing by way of the "everlasting match." The match, which could be struck 600 times, had been invented in 1931 by Dr. Ferdinand Ringer, a Viennese chemist. It was bought up for $400,000-and filed away-by the late match king, Ivar Kreuger. Subsequently, Dr. Ringer came to the U.S., and when a federal court broke up the remnants of Kreuger's old cartel in 1946, the match was again available...
...Ivar Kreuger, ill-famed Swedish match king, shot himself in a Paris apartment 14 years ago, but the evil that he did lived after him.* Not until this week were the effects of his slick cartel-making wiped out in the U.S. The end came in a consent decree in the Government antitrust suit against Kreuger's old Swedish Match Co. and six companies dominated by secretive U.S. Match King William Armstrong Fairburn. A Federal court in Manhattan ordered a stop to such cartel practices as: ¶ Dividing the world into noncompetitive markets. ¶ Restricting production. ¶ Fixing prices...
...headlines, reserved for Briand, instead blazoned the news: Ivar Kreuger, the grammar-school dullard from Kalmar, Sweden, who had grown up into the world match king, had killed himself...
This week the finger of justice was leveled once more at long-dead Ivar Kreuger. He was named, dead or alive, as a coconspirator in an antitrust complaint filed by the U.S. Department of Justice against 18 match corporations and match kings...
...Ivar Kreuger, who shot himself in his Paris apartment twelve years ago, was second to no man in his ability to parlay a bunch of match companies into an international stockmarket bubble. But Fairburn, a slower, solider worker, was the man who could almost always beat Kreuger at the match game-at least in the U.S. market, which is all that Mr. Fairburn ever cared much about. In sundry Kreuger forays into Diamond's bailiwick, Fairburn had a way of selling him U.S. match interests at a fancy price, but ending up with Diamond still in the saddle...