The Entrepreneur Test – #22

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Excerpt from Chapter 22

Robert Maxwell

 

Jan Ludvik Hyman Binyamin Hosh, otherwise known as Ian Robert Maxwell was born into poverty in Czechoslovakia.

He escaped Nazi occupation by joining the Czechoslovak Army and then the British Army.

After the war he worked at Pergamon Press building it into a major publishing house.

After a few years in the 60s when he was MP for Buckingham he returned to business, buying up successive publishing businesses including the British Printing Press, the Mirror Group Newspapers and Macmillan, Inc.

Hailed as one of the most successful businessmen of the 1980s, his death in 1991 triggered the collapse of the empire which only lasted another year before it was declared insolvent.

The normality of manipulation at the highest level together with grandiose self worth meant that Maxwell thought it was OK to steal the pension funds from his own business, paid into by the thousands of employees, who had not only lost their job, but now their pensions too.

These were of course later replenished by Shearson Lehman, Goldman Sachs and the British Government.

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