Word: kreuger
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Telephones & Targets. Wenner-Gren's telephone deal was almost as involved as the financial matchwork conceived by his late countryman Ivar Kreuger. Since Sweden's tight currency controls will not let Wenner-Gren export more than 2,200 kroner ($600) a month, he had to make the deal through a swap...
...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...
...less a crime for a Public Bureau or Commission to divert the substance of Peter to buy the vote of Paul than it is for some Kreuger to convert the assets of a publicly held corporation to personal...
...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...
...most fantastic of all Kreuger's frauds, the bank could do nothing. Kreuger had had a Stockholm printer print $102,000,000 worth of counterfeit Italian bonds. Kreuger had clumsily forged the appropriate names to them...