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While the Paris Stock Exchange was closed in honor of Aristide Briand, while 500,000 Parisians reverently stood in the Champs Elysée intent upon the Peach Man's funeral, a large pistol went off in a luxurious apartment nearby. No one heard it except Ivar Kreuger, the "Swedish Match King," the self-made colossus of Scandinavian finance. Matchman Kreuger was putting a bullet into his heart for business reasons (see p. 45) and for human reasons. His nerves were drawn so taut (he had suffered a nervous breakdown recently in New York) that to release the strain...

Author: /time Magazine | Title: SWEDEN: Sleeping | 3/21/1932 | See Source »

...Stockholm the Royal Government did not of course know that Ivar Kreuger was going to commit suicide, but they had taken precautionary steps. If anything should happen (and there were numerous "anythings" in addition to suicide the Royal Government was ready to rush through a bill to stabilize Swedish business by granting a moratorium to Kreuger & Toll. When the news came, the Swedish Parliament put through this bill at a secret session, ordered Swedish stock exchanges to remain closed. For years conservative Swedish financiers have frowned on Ivar Kreuger's operations as "too big for Sweden...

Author: /time Magazine | Title: SWEDEN: Sleeping | 3/21/1932 | See Source »

...arrested development. The people who do the great work of the world are usually desperately unhappy. Inferiority complexes disguished under a superior attitude drive them constantly to work but achievement cannot satisfy their complaint. The senior Mr. Morgan was a tangle of intricate complexes, and the case of Ivar Kruger testifies to the truth of this discovery...

Author: NO WRITER ATTRIBUTED | Title: Most College Inefficiency Caused By Fears And Complexes Declares Psychologist--"Women Want To Depend On Men" | 3/14/1932 | See Source »

...invited Miss Henje to give an exhibition, accused her large, red-faced father of demanding an exorbitant amount of money for expenses. Said he: "We flatly refused to become a party to what we believed was a straight hold-up on the part of ... an amateur in sport." ¶ Ivar Ballangrud, 27-year-old Norwegian speedskater: three races (1,500, 5,000, and 10,000 metres) out of four, for the world's championship; at Lake Placid...

Author: /time Magazine | Title: Sport: Who Won, Feb. 29, 1932 | 2/29/1932 | See Source »

...college by waiting at an eating club, a placard announced his victory. His time-43.4 sec.-equalled the Olympic record. The 5,000-meter race was run off much more slowly in a slight flurry of snow. When Irving Jaffee of New York won, after outmaneuvering the Norwegian champion Ivar Ballangrud, the U. S. team had 29 points, more than its total in the Winter Olympic games of 1924. Next day, Shea won the 1,500-meter race, spurting at the start of the last lap to beat Alex Hurd of Canada. After a protest against U. S. speed-skating...

Author: /time Magazine | Title: Sport: At Lake Placid | 2/15/1932 | See Source »

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