Word: kreuger
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Dates: during 1920-1929
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Statistics are usually more decorative than useful. Although it is true that Sweden's annual match output would reach to the moon if laid end-to-end, no lunatic ever thought of asking Swedish Match Tycoon Ivar Kreuger to make his statistic come true...
...Kreuger's Control...
...issue of TIME of Oct. 28, in its "Business & Finance" section, comments on Mr. Ivar Kreuger under the heading "Monopolist" and, at the top of p. 46, states: "In this country, his International Match Co. controls about 75% of all match production...
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...