Word: bosch
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Dates: during 1940-1949
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...photographic papers and chemicals. The Military Government wanted to offer some 80% of the stock for sale to Germans, while 20% would be set aside for the foreigners who already owned an interest in Farben. The Military Government also announced that part of another great industrial empire, the Robert Bosch electrical equipment combine, was to be sold. It looked as if "something" was finally being done to deconcentrate the cartels...
...less than two years, Henry Koerner had become one of the most important and controversial figures in U.S. art* His allegories of postwar Germany and the U.S. had the robust realism of a modern Bruegel and often the satiric bite of Hieronymus Bosch. His colors might range from the muddy to the garish, and his compositions might tend to be needlessly cluttered, but each painting told a story and usually made it stick. Says Koerner: "Telling a thought-out story is the only way, by God, to inject life into this cadaver of modern...
wice in 25 years the Office of Alien Property confiscated the German-owned American Bosch Corp. Once, after World War I, the Germans slyly got it back. Lask week the Government sold the company again, but this time it made sure that no alien would ever again control Bosch. The buyer was Allen & Co., an aggressive Wall Street investment banking house with the reputation of holding on to what it gets...
Snap-Up. Allen & Co. thought that Bosch (fuel injection pumps, automotive equipment) would link up nicely with Brooklyn's Amra Corp. (electronic devices), which Allen bought into in 1946. So Allen got Amra to put up part of the $6,044,748 it took to buy OAP's 77% interest in Bosch, borrowed the rest. With Bosch, Amra got a company that grossed over $19 million last year, a plant in Springfield, Mass, and a bagful of German patents. Allen & Co. also strengthened its foothold in the electric manufacturing field...
Alien Property. For the second time in 30 years, the Government put up for sale a majority interest in American Bosch Corp., maker of ignition and fuel-injection devices. The German-controlled company was first taken over by the U.S. during World War I and later sold. Somehow it got back into German hands. In 1942 the Office of Alien Property Custodian seized 77% (some 535,000) of its outstanding shares as enemy property. This time the stock will be sold, at competitive bidding, to U.S. citizens only. Any shares that get into the hands of aliens will automatically become...