Word: benz
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...claims against them. Since then no fewer than 10 class actions have been filed against European companies that do business in the U.S. Some of these are claims for individual accounts confiscated by banks in Germany and Austria. Others charge that major corporations such as Krupp, Volkswagen and Daimler-Benz profited from slave labor during the wartime years and should pay billions in back wages and other compensation. The issue of Holocaust reparations was raised again at a conference in Washington last week sponsored by the State Department and the U.S. Holocaust Memorial Museum, where representatives from 44 countries discussed...
...tender chicken") and, of course, Lee Iacocca. The distinguished silvery head of Iacocca's successor at Chrysler, Robert J. Eaton, is currently featured larger than life (or so we must hope) in a baffling series of newspaper ads celebrating himself and one Jurgen E. Schrempp, CEO of Daimler-Benz, as "two intuitive leaders" who had the vision to merge their companies...
...season to be sorry. Volkswagen, Mercedes-Benz and other thriving German companies are now facing class-action suits from the thousands of slave laborers forced to work in their factories during the Nazi era, while Swiss banks that once swallowed Jewish assets have offered up $1 billion to Holocaust survivors. Former Bosnian leaders are facing international tribunals for crimes against humanity. And Jiang Zemin, his own human rights violations notwithstanding, has embarked this week on his first state visit to Japan, demanding written apologies from the Japanese government for its brutality in China during the 1930s and '40s-an apology...
Lower than Mercedes-Benz ever imagined. Alabama taxpayers essentially built and equipped a new plant for the company in the tiny town of Vance, a few miles east of Tuscaloosa. Mercedes received a package of incentives that totaled $253 million in value. For example, Alabama acquired and developed the plant site in Vance for $60 million. It used National Guard troops to clear the land and spent $77.5 million on utility improvements and roads...
...Mercedes-Benz plant illustrates a fundamental principle of corporate welfare: everyone else pays for economic incentives--either with higher taxes, fewer services or both...