Word: argentina
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...went on to set up 33 international manufacturing and research facilities. They were big enough by 1928 to acquire the Mackay companies, including Postal Telegraph & Cable Corp. (eventually merged with Western Union). Until 1930, Sosthenes' tireless negotiating made I.T. & T. grow throughout the world, spread the company into Argentina, Australia, Belgium, China, England, France, Italy, Japan, Norway, Rumania...
...million. In Western Europe, Nazi expropriations cut the 40% income that I.T. & T. got from the subsidiary International Standard Electric, to zero. But in Rumania, Behn arrived in the nick of time, sold out for $13.8 million shortly before the country went over to the Nazis. In Argentina in 1946, he showed the same brilliant talent for beating a profitable retreat. Facing confiscation, he somehow maneuvered Dictator Peron into buying I.T. & T. there for $93 million...
Formal, Frugal. The President of Argentina is stiff, shy, occasionally gloomy, gravely formal, sparing of speech. He is a professional soldier, a graduate of Argentina's Prussian-style Military Academy. He is not one of the generals Perón used to corrupt with favors, and he lives frugally and simply. "I don't like social affairs," says Aramburu. "Never did. I am one of those men who do not fear to be alone." His only hobby, dropped for now, is attending auctions of household goods with his wife Sara-and they have never had enough money...
...office, gravely rejoined the session. Junta meetings seem more natural to him. Aramburu greets his high military counselors casually: "Hello, Rojas. Afternoon, Admiral. General, how are you?" To them he remains "Senor Presidente." There is always some banter and small talk before the junta gets down to running Argentina...
...ships about $100 million worth of gold to Switzerland, presumably to finance such undercover operations as its spying and propaganda network in the West, trade deals to get around the embargo on strategic goods. Such ousted rulers as Egypt's Farouk, ex-President Jacobo Arbenz of Guatemala and Argentina's ousted Dictator Juan Perón keep fortunes in Swiss banks all presumably pilfered from public funds. But sometimes the secrecy of Swiss banks defeats itself. Many an owner of a secret account has simply disappeared, leaving his money still on deposit. Estimated amount of unclaimed funds still...