1988 peak and overextension

Ian Robert Maxwell (born Ján Ludvík Hyman Binyamin Hoch; 10 June 1923 – 5 November 1991) was a Czechoslovak-born British media proprietor and politician.[1][2]

Of Jewish descent, he escaped the Nazi occupation of his native Czechoslovakia and joined the Czechoslovak Army in exile during World War II. He was decorated after active service in the British Army. In subsequent years he worked in publishing, building up Pergamon Press to a major academic publisher. After six years as a Labour Member of Parliament (MP) during the 1960s, Maxwell again put all his energy into business, successively buying the British Printing Corporation, Mirror Group Newspapers and Macmillan Inc., among other publishing companies.