Word: arndt
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While Krupp is by no means bankrupt, insiders feel that the managerial showdown should have come much sooner. Alfried Krupp, remote and embittered ever since his six-year Allied imprisonment for using wartime slave labor, has grown increasingly pained over the fact that his only son, Arndt, 29, has shown more inclination to fly with the European jet set than take over the company. Meanwhile, critics charge, Krupp's expansive general manager, Berthold Beitz, has overextended the company when he should have been cutting down its unprofitable operations in coal and steel. With public management instead of a private...
...agreed not to sell their Krupp shares until the presently depressed market for German coal and steel stocks improves. Last week's public offering also symbolized a growing recognition that one-man, head-of-the-family control over the empire may end with Alfried Krupp himself. His son Arndt, 28, the heir apparent, one of the swiftest of Western Europe's jet set, does not have an intense interest in business affairs. Already there have been suggestions that when Alfried Krupp steps aside, the Krupp holdings be placed in a family trust administered by a Krupp-dominated board...
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PRESIDENT Johnson 161,018 Goldwater 138,497 U.S. SENATOR Hruska (R) 57,449 Arndt...
Nebraska: Facing token opposition from obscure Democrat Raymond W. Arndt, 58, Conservative Republican Roman L. Hruska, 60, is a shoo-in for his second term...