Word: ivars
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...superficiality. Mr. Hill plies with nimble grace about prominent folk, furbishing dull news monotones with sprightly adjectives and keen imaginative sense as to detail. Herbert Clark Hoover who found that there was "something wrong with the blueprints", Franklin Delano Roosevelt who would "rather walk than be president", "Humpty-Dumpty" Ivar Krauger of the "great fall", "Playboy" Jimmy of the "Primrose Path", Smith Reynolds "who had never quite got a grip on life", Dr. Rosenbach whose "little gold pencil flipped up" -- all these and a hundred more slide into memory and out again with epigrammatic case. There is nothing...
Threading their way through the ledgers of a dozen holding companies, 140 operating subsidiaries and trading concerns, Price, Waterhouse traced his manipulations back to 1917. Even before that Ivar Kreuger had been at it. "The fraudulent practices assumed large proportions in 1923 and 1924," the report stated, and had reached a climax in the forgery of $100,000,000 of Italian Government bonds. During those 14 years Ivar Kreuger reported profits of more than $300,000,000, but Price, Waterhouse unearthed operating profits of only $40,000,000 including "a number of items the genuineness of which is doubtful." Thus...
During this "freedom from control'' Ivar Kreuger mulcted the public of $560,000,000, gulled banks & bankers for another $164,000,000. Out of the $724,000,000 capital at his disposal he paid back to the public, in interest and "dividends," $180,000,000. In securities, monopolies and associated companies he invested $458,000,000, worth last March at market prices $207,700,000-all that remains of Kreuger's $750,000,000 dream...
...items in the Price, Waterhouse report give the measure of Ivar Kreuger as a crook and a swindler: "Withdrawn by Ivar Kreuger on current accounts," and "Securities and other assets appropriated" -432,046,000 Swedish kroner net, at par about...
...practices on U. S. stock exchanges (TIME, July 4). They began by poking in the ashes of Kreuger's matchdom. Witnesses brought the Committee up to date on Kreuger history but were unable to shake Senator Reynolds's firm belief in the No. 1 Kreuger legend: that Ivar Kreuger's death was as false as his life. Lesser legends added recently to the great book of Kreuger lore...