Word: cartellization
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...Thyssen family assets. For this, the High Authority was rebuked by the harder-headed Common Market parliament, which argued that the Thyssen-Phoenix combine would produce scarcely one-third as much as U.S. Steel Corp. With world competition sharpening and the Common Market steadily building into one big economy, cartel-inclined Europeans are finding increasing support for their ambitions for bigness. Even in France, which helped break up the German cartels, the business paper Les Echos wrote: "For German heavy industry, cartelization and reconcentration are a condition of survival...
...cathedral-like atmosphere of the world's diamond headquarters, where aged Havana leaf burns like incense and merchants converse in hushed tones, a change is slowly taking place. The De Beers diamond cartel, which has its Central Selling Organization in London and its production fields in Africa, has opened a discreet but energetic campaign to promote the glitter of diamonds to new markets. In the U.S., which traditionally buys one-half of the world's gem diamonds, jewelry has lost some of its shine-people who can afford diamonds often prefer other luxuries, such as trips abroad...
...fastest rising businessmen, whose nine companies sold $61 million worth of goods last year, Ichimura believes that "to stand still is to lose ground"-and he has rarely stood still since World War II. Picked as president of Riken Sensitized Paper Co. when the U.S. broke up the Riken cartel after the war, Ichimura made it Japan's biggest photocopying-machine producer. He rapidly moved into manufacturing cameras and watches, set up a lingerie factory, won a Coca-Cola franchise, and last month opened a ten-story ladies' apparel store on Tokyo's Ginza. Ichimura attributes...
...intimates, Mattei believed that the great foreign oil companies were determined to keep Italy from developing sources of her own so that they could charge higher prices. "The policy I am following," he boasted, "has permitted me not only to free my country from the grip of the cartel, but to benefit from prices lower than those which our neighbors...
...business community. Before World War II, most big European companies were owned and run by clannish, long-established families that kept their business affairs strictly secret, regarded advertising as an unnecessary extravagance and shunned public attention. The goal was high profit on low volume, and membership in a tidy cartel generally eliminated the danger of painful competition over prices and markets. A rigid class system kept workers from rising into executive ranks; the notion of increasing national buying power by raising wages was regarded as radical nonsense...