Fortune
Strategic Concepts & Mechanics
Primary Evidence
"Articles Austin, K. L., “Ivar Kreuger’s Story in Light of Five Years,” The New York Times, Mar. 7, 1937. Barman, T. G., “Ivar Kreuger: His Life and Work,” The Atlantic Monthly, vol. 150, Aug. 1932, at 238-50. Blystone, Richard, “The Crash Heard ‘Round the World,’” The Associated Press, Oct. 29, 1979, AM Cycle. Cannon, Arthur M., “Kreuger, Genius and Swindler,” Journal of Accountancy, Sep. 1961, at 94. Childs, Marquis W., “Sweden: Where Capitalism is Controlled,” Harper’s Magazine, vol. 167, Nov. 1933, at 749. Citron, Bernhard, “America Sinks; Russia Rises,” Litter’s Living Age, Jun. 1932, at 315. Crum, W. L. and J. B. Hubbard, “Review of the First Quarter of 1932,” Review of Economic Statistics, vol. 14, May 15, 1932, at 66-73. Done, Kevin, “Swedish Match Strikes Back in Royal Style,” Financial Times, Mar. 31, 1987, at 6. Fane, Malachy, “The Swedish Juggler,” New Republic, vol. 71, Jul. 13, 1932, at 239. “Financial World Not Yet Sure What Kreuger Suicide Means,” Business Week, Mar. 19, 1932, at 5. Flesher, Dale L. and Tonya K. Flesher, “Ivar Kreuger’s Contribution to Financial Reporting,” Accounting Review, vol. 61, no. 3, Jul. 1986, at 421-34. Flynn, John T., “Kreuger: Another Holding Company Debacle,” New Republic, vol. 71, May 25, 1932. “Four Masters of Fraud,” Newsweek, vol. 49, Apr. 11, 1957, at 94. Galbraith, John Kenneth, “How to Become an International Swindler,” Reporter, vol. 16, Mar. 21, 1957, at 45. “German Matches; Strike a Light,” Economist, Jan. 22, 1983, at 66. Hertzberg, Sidney, “Aftermath of the Kreuger Crash,” Current History, vol. 39, Nov. 1933, at 239. Hertzberg, Sidney, “Ivar Kreuger’s Liabilities,” Current History, vol. 37, Nov. 1932, at 233. “High Finance: The House of Matches,” Time, vol. 46, Nov. 5, 1945, at 88. “Kreuger Finale,” Time, vol. 28, Jul. 13, 1936, at 66. Labaton, Stephen, “Archives of Business: A Rogues Gallery; Ivar Kreuger: Sweden’s Match King,” The New York Times, Dec. 7, 1986, sect. 3, at 23. Lambert, Richard, “Shady Dealings on the Grandest Scale,” Financial Times, Aug. 15, 1984, at 9. Lazar, Maria, “Is Kreuger Dead?,” Littell’s Living Age, vol. 344, Mar. 1933. Lebergott, Stanley, “The Shape of the Income Distribution,” American Economic Review, vol. 49, Jun. 1959, at 328. Lewinsohn, Richard, “Second Thoughts on Kreuger,” Littell’s Living Age, Jun. 1932, at 318. Lundberg, Erik, “The Rise and Fall of the Swedish Model,” Journal of Economic Literature, vol. 23, Mar. 1985, at 1. Lyons, Eugene, “Interviewing the Titans,” Saturday Review of Literature, vol. 18, Oct. 22, 1938, at 6. Marcosson, Isaac F., “An Interview with Ivar Kreuger,” Saturday Evening Post, Apr. 2, 1932, at 3-5. Marcosson, Isaac F., “The Match King,” Saturday Evening Post, Oct. 12, 1929, at 3-4. Marcosson, Isaac F., “The Swedish Recovery,” Saturday Evening Post, Feb. 22, 1936, at 23. “Matches: Cigarettes Light Way for Continued Diamond Profits,” Newsweek, vol. 7, Jun. 13, 1936, at 34. Olson, Alma Luise, “Kreuger is Called Victim of System,” The New York Times, Mar. 26, 1933, at 2. Picton, John, “The Death of the World’s Greatest Swindler,” Toronto Star, Aug. 21, 1988, at A0. Ross, Nancy L., “Yesterday’s Financial Failures, Today’s Successful Souvenirs,” Washington Post, Mar. 1, 1981, at F1. Rydbeck, Oscar, “Was Kreuger Crazy?,” Littell’s Living Age, Jun. 1932, at 321. Shaplen, Robert, “Annals of Crime: Kreuger - I,” New Yorker, vol. 35, Sep. 26, 1959, at 51. Shaplen, Robert, “Annals of Crime: Kreuger - II,” New Yorker, vol. 35, Oct. 3, 1959, at 108. Shaplen, Robert, “Annals of Crime: Kreuger - III,” New Yorker, vol. 35, Oct. 10, 1959, at 51. Simons, Rodger L., “The Garden of Sweden,” North American Review, vol. 238, Nov. 1938, at 414. Smith, Geoffrey, “The Legacy of Ivar Kreuger,” Forbes, vol. 136, Dec. 2, 1985, at 143. Soloveychik, George, “The Tragedy of Ivar Kreuger,” Nineteenth Century, vol. 111, Apr. 1932, at 421. “Swedish Stockmarket; Too Hot to Handle,” Economist, Apr. 30, 1983, at 106. Taylor, J. R., “Some Antecedents of the Securities and Exchange Commission,” Accounting Review, vol. 16, Jun. 1941. “The Diamond Match Co.,” Fortune, vol. 19, May 1939. “The Kreuger Case Again,” New Republic, vol. 73, Jan. 25, 1933, at 284. “The Kreuger Saga,” Littell’s Living Age, vol. 355, Feb. 1939. “The Passing of Ivar Kreuger,” Literary Digest, Mar. 26, 1932, at 56. “The Week,” New Republic, Mar. 23, 1932, at 1. “The World Over,” Littell’s Living Age, vol. 342, May 1932, at 189. Thompson, Howard and Anita Gates, “Movies: Critics’ Choice,” The New York Times, Dec. 5, 1999, at 6. Thompson, Ralph, “Sweden’s Losses in Kreuger Crash,” Current History, vol. 36, Jul. 1932, at 501. Thompson, Ralph, “The Unfolding of the Kreuger Scandal,” Current History, vol. 36, Jun. 1932, at 361. Unstad, Lyder L., “Sweden: The Middle Way,” American Economic Review, vol. 26, Jun. 1936, at 304. Visser, W. A., “Who was Ivar Kreuger?,” Christian Century, vol. 49, May 11, 1932, at 617. Webb, Sara, “Stora Offers 541 M Pounds for Swedish Match,” Financial Times, Mar. 10, 1988, at 48. “Why the House of Kreuger Fell,” Literary Digest, vol. 115, Feb. 4, 1933, at 40. Whyte, Frederic, “An Interpretation of Ivar Kreuger,” Contemporary Review, vol. 143, Apr. 1933, at 465. Winkler, Max, “Playing with Matches,” in Foreign Bonds: An Autopsy, (Beard Books, 1999), at 93-103. Winterich, John T., “Swindler Extraordinary,” Saturday Review, vol. 40, Feb. 2, 1957, at 20. “World’s Greatest Swindler,” Time, vol. 69, Jan. 28, 1957, at 106. Wuorinen, John H., “Kreuger’s Vanished Millions,” Current History, vol. 26, May 1932, at 241. Zeff, Stephen A., “How the US Accounting Profession Got Where It is Today: Part I,” Accounting Horizons, vol. 17, no. 3, Sep. 2003, at 189-205."
"the meantime, Kerkorian had acquired another piece of Las Ve¬ gas real estate for $5 million. He launched a new company, Interna¬ tional Leisure, to construct the world’s largest casino on the site. Financed through a public offering of 17 percent of International Leisure’s shares, the International was an immediate success. Along the way, Kerkorian bought the Flamingo in order to acquire experienced staff, hired a skilled manager who turned it into a highly profitable in¬ vestment, and decided to keep the casino. By late 1969, Kerkorian was sitting on International Leisure stock worth SI80 million, the fruit of an investment of just SI6.6 million. Adding in his Western Air Lines and MGM holdings, plus other assorted assets, Fortune estimated his total net worth at more than S260 million.16"
"Ms. Hidy wouldn’t put Campeau on the line. She said that only after I’d “described the tonality” of my book in a second letter would Campeau even consider the idea of our talking. She confided that Campeau was unhappy with recent press coverage of his troubles, particularly the June 18, 1990 Fortune article entitled “The Biggest, Looniest Deal Ever,” and was considering filing some lawsuits of his own. I argued that articles could not be compared to books, which are longer and give the writer enough space to tell all sides of the story. She countered that Campeau had hated the tonality of the Canadian biography, Campeau: The Building of An Empire."
"Besides, Mahe wasn’t a threat to anybody. Cupertino concluded it was best just to leave her in a cushy role. When she tried to establish a media presence for herself, she wasn’t allowed to, so she sought out other work to create her image in other ways. She joined the board of Starbucks in 2019 and Lululemon in 2022, and now serves as a governor of the China division of the American Chamber of Commerce. To outsiders, these positions have made her look like a rock star. *Fortune* has repeatedly named Mahe to its “Most Powerful Women” lists. And in the rare instances she’s mentioned in the media, reporters make the natural assumption that Apple’s success in China is somehow reflective of her leadership. The company’s secretive, insular culture has masked the reality that she’s been playing a largely ceremonial role."
"The hard work paid off: In 1992 Mahe received a scholarship to Simon Fraser University, where she completed undergraduate and graduate degrees in engineering. She joined PDA maker Palm in 2002, staying for nearly six years as it struggled to reinvent itself for a smartphone future. Mahe had built a wireless team for Palm almost from the ground up, catching the attention of Cupertino, and a few months after the iPhone was unveiled, Apple recruiters started a year-long campaign to draft her. She rebuffed them, believing that leaving her team would be a betrayal. But the recruiting intensified, culminating in Steve Jobs inviting Mahe over for dinner. He impressed her, although he lied about the dinner. “Just water for the whole two hours,” Mahe once told *Fortune*. “So that was a little bit of bait and switch!” Jobs, listening to her concerns, allowed her to bring over key members of her Palm team. According to Mahe’s account, he clinched the deal with this line: “You can stay with Palm and drive a bus full of people off a cliff, or you can come to Apple and give them a better place to land.”"
"A 1986 article in Fortune asserted “that Tisch’s unchallenged repu- tation as a man of his word depends partly on the lawyerly care with which he sometimes chooses his words. His commitments are often sharply limited. When he says he ‘isn’t considering’ something, he is expressing only a transient state of mind subject to infinite later change.” 3"
"Wall Street Journal, the Financial Times, the Economist, Barron’s, Fortune, Bloomberg Businessweek, and Forbes, along with more abstruse publications like American Banker and the International Railway Journal."