Word: bata
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Dates: during 1950-1959
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...that has no government subsidy, Pro Deo is still able to afford such lecturers as Roberto Rossellini and U.S. Economist Peter Drucker. Students from 26 different countries have studied there, and gifts have come in from such far-flung sources as the family of the late Czech industrialist Thomas Bata and U.S. Cardinals Spellman and Stritch. Last week Father Morlion was making plans for a new institute of European studies. The man slated to take charge of it (on a part-time basis): Alcide de Gasped...
Last week a real-life shoe salesman, Thomas Bata Jr. of the Czech shoe-manufacturing family, was confident that he could vastly improve on O. Henry's imaginary sales stunt. A new Bata factory (one of 37 in the free world) outside Lima will make 1,000,000 pairs of canvas and rubber shoes a year. Bata expects to sell them for 11 soles (70?) a pair through 46 stores and by circulating through the highlands demonstration vans with movies, native salesmen and balloons for the kiddies. "I think," Bata says, "I've got something better than cockleburs...
Last week in Manhattan, after deliberating over the case for nine months, Justice Benjamin Schreiber of New York County's supreme court awarded the stock-and thus 40% control of the Bata empire-to Thomas Jr. and his mother. In doing so, he also unfolded a fantastic tale of international high finance and skulduggery...
Swiss Dummy. Switzerland's Leader, A.G. had been formed by Bata Sr. in 1931, said Justice Schreiber, for the "admitted purpose of concealing his own ownership of Bata companies and assets outside Czechoslovakia" to evade income taxes. To conceal his own ownership, he had turned the shares over to Muska, lifelong friend and trusted aide...
Flight Abroad. Jan thus took the empire over for a fraction of its worth and continued to run it, with the help of Thomas Jr., until 1939. Then, just before the Nazis took over Czechoslovakia, both fled the country. Thomas went to Canada, where he started a huge new Bata factory at "Batawa" near Frankford, Ont.; Jan came to the U.S., where he started a factory at Belcamp, Md. Muska had also fled, taking the Leader shares with him, but telling neither Jan nor Thomas about them. Not until 1942 did Muska privately reveal the existence of the shares...