Thursday, May 13, 2010

Let's Get This Party Started


So, the local news has been more or less updating various minutae about Jón Ásgeir. It really hasn't been dude's week. First, he gets his assets frozen by the people now taking care of Glitnir, as they investigate him for tax fraud. Then, he gets hit with a lawsuit. He's been fairly unflappable so far, though. And with good reason - very little sticks to this guy, and what does hardly leaves a scratch.

If you want some idea of just how powerful this guy was when he was at the top of his game, start here, then go here, and read the relevant articles. Don't be surprised if you get a nosebleed trying to visualize just how far and wide the octopus of this man's grip extends across this country and beyond.

The roughest thing this guy has had to go through up until recently was a June 2008 conviction for breaking accounting laws that compelled him to step down from the chairmanship of the investment company FL Group. In his place, his wife Ingibjörg Stefanía Pálmadóttir was elected. The company changed its name to Stodir, and then bought a 39% stake in Baugur Group - which is owned by Jón Ásgeir.

Well, a lot has happened since 2008, of course. With the grip tightening on the Kaupthing guys, and the general spirit of vengence in the air, he's probably starting to feel a little nervous. Or maybe he isn't. Just look at those jazz hands. Does this look like a man who's easily rattled?

(Photo credit: Chris Casaburi)

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