Richard Julin

"Åkerlund backed down when faced with a done deal. However, the issue was not resolved with this. Åkerlund definitely wanted to get rid of his bond commitments totaling 700,000 kronor. And Ruben wanted to get rid of Erik Åkerlund’s option to avoid future problems. Therefore, a series of negotiations began that were only resolved in 1937 when the bank director Richard Julin, who was responsible for Åkerlund & Rausing’s credits at Enskilda Banken, stepped in as a mediator. The settlement consisted of the bank approving Åkerlund & Rausing’s loans of 700,000 kronor to remain, against publishing mortgages in the company. At the same time, the bank took over loans from Åkerlund to the company totaling 500,000 kronor on the condition that Ruben, Holger Crafoord, and Börje Svenby provided guarantees for the money. In addition, Ruben had a personal debt to Erik Åkerlund of 400,000 kronor for his share of the shares. This debt was also resolved through loans in the bank. Shares in the company were given as security. Against a commission of 50,000 kronor, Enskilda Banken had saved Ruben’s business."

"The question was miraculously solved through a personal visit to the district chief judge Marcus Wallenberg senior, who approved the loans. The peculiar thing was that although Ruben had left Enskilda Banken in a manner that went against the bank’s traditions – one leaves “neatly” within Wallenberg companies – he maintained very good relations with the Wallenberg family itself. The explanation may have been that Ruben had been written up in the black book that the bank’s credit manager, Richard Julin, kept on promising young corporate leaders."