Word: cartels
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Dates: during 1960-1969
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...figungsdrang. The high-riding success of the three Farben heirs is due to a combination of West German economic recovery and a spirit of free enterprise that was lacking in the cartel-minded Farben. While West Germany's other industries had a sales increase of 9.5% last year, the chemical industry's sales rose 14.7%, even though prices were lower than in 1952. To compete, Farben successors have put in new production techniques, developed new products, and effected operating efficiencies that enable them to produce twice as much with 145,000 workers as the parent firm did with...
...cattle ranches), mostly because he is kept too busy trying to live on them all. For sale: Bing's 14-room seashore mansion, built in 1948, overlooking California's Pebble Beach Golf Course. Asking price: $250,000. Since the Crosby clan operates as a sort of junior cartel, the real estate agent on the deal is Mary Rose Pool, Bing's sister...
...year.) After Deterding set up his U.S. plants, he made a shrewd peace treaty with Jersey Standard. Anxious to consolidate his gains and disturbed by the worldwide price wars of the 20s, he persuaded Jersey and British Petroleum (then Anglo-Iranian Oil) to join him in the famous "AsIs" cartel agreement that carved out worldwide markets and quotas. Before he retired in 1937, he had built Royal Dutch/Shell into a billion-dollar business...
During World War II, the Group was probably the hardest hit of any oil company. Bombers battered its European installations, U-boats sank its tankers. The Group got another blow when the U.S. Government forced Jersey Standard to drop all cartel agreements in 1942, thus dissolving the As-Is agreement at a time when the Group's market positions were left badly exposed. But at war's end, it rebuilt its damaged installations so fast that Jersey Standard had little chance to cut deeply into the Group's markets. At first it financed most of its expansion...
...Mercedes limousines roll into sight in sober single file. Whose funeral? Germany's? They roll up to an elegant hotel. Nine doors fly open, and out step nine millionaires in nine black Homburg hats. After a long day in the board room, the directors of the Insulating Materials Cartel-a cover name for a munitions trust-hurry off in sober single file to spend a long night in the bedroom...