The Match King: Ivar Kreuger, the Financial Genius Behind a Century of Wall Street Scandals by Frank Partnoy.pdf (USD-0.00)The Match King: Ivar Kreuger, the Financial Genius Behind a Century of Wall Street Scandals by Frank Partnoy.epub (USD-0.00)The Match King: Ivar Kreuger, the Financial Genius Behind a Century of Wall Street Scandals by Frank Partnoy.doc (USD-0.00)The Match King: Ivar Kreuger, the Financial Genius Behind a Century of Wall Street Scandals by Frank Partnoy.txt (USD-0.00)The Match King: Ivar Kreuger, the Financial Genius Behind a Century of Wall Street Scandals by Frank Partnoy.mobi (USD-0.00)
it was amazing
In 1920 Swedish businessman Ivar Kreuger (1880-1932) controlled most of the world’s safety match production, as well as mining, timber, media, banking and construction industries. He was one of the richest men in the world. He took advantage of the financial state of European countries after World War I and managed to push aside J. P. Morgan and Company to become the lender of choice to sovereign governments. He made a deal in 1929 the week the stock market collapsed to lend German 125 million d
Partnoy asks is the rise and fall of Kreuger a story of what happens to a person when ambition overreaches and maybe edges into the world of fraud? Or is it a tale of a premeditated confidence trick perpetrated by Kreuger?
Partnoy is a Professor of Law at the University of California San Diego and a historian who has studied Kreuger extensively and written a number of books about him. The first part of the book reads like a case for the prosecution. Sort of makes one think of Bernie Madoff but Kreuger was a real business man with real business and most often stayed within the letter of the law. But one must remember how lax the laws were in the 1920s. The collapse of the Kreuger Empire was responsible for the implementation of the 1933-34 security laws in the United States.
The book is meticulously researched and well written. It is more of a business history than a biography. Some of the businesses Kreuger founded or invested in are still standing today such as Swedish Match Company and Ericsson. I read this as an audiobook downloaded from Audible. L. J. Ganser narrated the book.
really liked it
An interesting biography of one of the forgotten financial wizard’s of the the nineteenth century. A Swedish financier who single-handed created a monopoly of the stick match industry, who would have thought to corner the match stick market in the nineteenth century. it is just so interesting to read how they did it then and how it is done now, not much difference from today’s TBTF. Who would believe this story? Just goes to show truth is something beyond any fiction you could read.
I am amazed b
A long, repetitive and frequently tedious biography of Swedish financier Ivar Kreuger aka The Match King in the first third of the 20th century. Ivar invented off-balance sheet financing, vote-light B shares, implicit prepayment penalties, complex derivatives issued by offshore subsidiaries, and the loan-for-monopoly concept. He was the first to finance large loans to foreign governments by selling securities to the American public. Ultimately many of his business dealings were found to be fraud